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The following information pertains to Oriole Video Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the
The following information pertains to Oriole Video Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor $32. 3. The bank erroneously charged another company's $725 check against Oriole' account. 4. Cash balance per books, July 31, $8,809. 5. The bank charged Oriole account $375 for a customer's NSF check. 6. Deposits in transit, July 31, $2,250. 7. Oriole recorded a cash receipt from a customer for rent revenue as $87. The bank correctly recorded it at $78. 8. Bank collected $1,316 from a customer's note receivable for Oriole in July through electronic funds transfer. The collection has not been recorded by Oriole. 9. Outstanding checks, July 31, $654. Date Account Titles and Explanation Debit Credit July 31 (To record collection) July 31 Bank Charges Expense Cash July 31 (To record bank charges expense) (To record NSF check) (To correct error) 32 32 32 22
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