View Policies Current Attempt in Progress Bonita Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August Aug 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $215 15 16 31 Replenished the petty cash fund by writing a check for $211.20. On this date, the fund consisted of $3.80 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $45.90, postage expense $41.40, and miscellaneous expense $28.00 Increased the amount of the petty cash fund to $320 by writing a check for $105.00 Replenished the petty cash fund by writing a check for $304.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $142.00 entertainment expense $93.80, and freight-out $67.30 (a) Journalize the petty cash transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit The bank portion of the bank reconciliation for Oriole Company at November 30, 2020, was as follows. Oriole COMPANY Bank Reconciliation November 30, 2020 Cash balance per bank $14,767.90 Add: Deposits in transit 2,530.20 17,298.10 Less: Outstanding checks Check Number Check Amount 3451 $2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1.051.50 6,303.30 Adjusted cash balance per bank $10,994,80 The adjusted cash balance per bank agreed with the cash balance per books at November 30. The December bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 12-1 3451 $2,260.40 12-1 $2,530.20 12-2 3471 844.50 12-4 1,211.60 12-7 3472 1,426.80 12-8 2,365.10 12-4 3475 1,640.70 12-16 2,672.70 12-8 3476 1,300 12-21 2,945 12-10 3477 2,130 12-26 2,567.30 12-15 3479 3,080 12-29 2,836 12-27 3480 600 12-30 1,025 12-30 3482 475.50 Total $18,152.90 12-29 3483 1,140 12-31 3485 530.80 Total $15.428.70 The cash records per books for December showed the following. Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 12-1 3475 $1,640.70 12-20 3482 $475.50 12-3 $1,211.60 12-2 3476 1,300 12-22 3483 1,140 12-7 2,365.10 12-2 3477 2,130 12-23 3484 796.50 12-15 2,672.70 12-4 3478 621.30 12-24 3485 350.80 12-20 2,954 12-8 3479 3,080 12-30 3486 889.50 12-25 2,567.30 12-10 3480 600 Total $13,831.70 12-28 2,836 12-17 34811 807,40 12-30 1,025 12-31 1,690.40 Total $17,322.10 The bank statement contained two memoranda: 1. A credit of $2,360 for the collection of Langer Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $86.50. At December 31, the cash balance per books was $14,485.20, and the cash balance per the bank statement was $19,765.60. The b- did not make any errors, but Langer Company made two errors. (a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Round answers to 2 decimal places, eg. 52.75. List Items that increase cash balance first. Reconcile cash balance per bank first.) ORIOLE COMPANY Bank Reconciliation