PRINTER VERSION BACK EXT Problem 74A Part Level Submission T

PRINTER VERSION BACK EXT Problem 7-4A (Part Level Submission) The bank portion of the bank recondiliation for Oriole Company at October 31, 2017, Is shown below. ORIOLE COMPANY Bank Reconciliation October 31, 2017 Cash balance per bank Add: Deposits in transit 12,507.90 1,530.20 14,038.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount s 1,260.40 684.20 844.50 434.55 1,050.00 4.273.6 $9,764.45 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Checks Deposits Date Number Amount Date Amount 11-1 2470 684.20 11-1 $1,530.20 1-4 1,211.60 990.10 11-4 2475 1,640.70 11-13 2,575.00 11-82476 2,830.00 11-18 1,472.70 600.00 11-21 2,945.00 11-2 2471 11-5 2474 1,050.00 11-8 844.50 114 1,211.60 11-10 2477

Solution

Bank reconciliation Bank balance 17964.75 Outstanding checks Add Deposit in transit 1444 Check number 19408.75 2451 1260.4 Less Outstanding checks 5839.7 2472 434.55 Adjusted bank balance 13569.05 2478 538.2 2482 612 2484 821.75 2485 974.8 2487 398 Cash balance 11353.8 2488 800 Add EFT deposit 2362 5839.7 2362 Less Printing checks 92.75 Error deposit 11-20 9 error check 2479 45 146.75 Adjusted cash balance 13569.05