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Oriole Industri provided following information for the month of February. 1. 2. 3. 4. 5 6 7 8 a b C Balance per bank on February 28-$36,060 Balance per books on February 28-$37,360 Total outstanding checks at February 28-$2,436 Debit memoranda: NSF check from Sanderson, Inc-$522 Printing company checks-$34 Electronic payment to bank for a loan-$2.568. Of this amount, $108 is interest. Credit memorandum: EFT from customer for $1,700 A check written this month to City Utilities and cleared the bank at the correct amount of $2,080, but was recorded at $2.162. The bank charged a $306 check of ABC Company against Oriole Industries' account. Deposit in transit on February 28-$2.088

Oriole Industri provided following information for the month of February. 1. 2. 3. 4. 5 6 7 8 a b C Balance per bank on February 28-$36,060 Balance per books on February 28-$37,360 Total outstanding checks at February 28-$2,436 Debit memoranda: NSF check from Sanderson, Inc-$522 Printing company checks-$34 Electronic payment to bank for a loan-$2.568. Of this amount, $108 is interest. Credit memorandum: EFT from customer for $1,700 A check written this month to City Utilities and cleared the bank at the correct amount of $2,080, but was recorded at $2.162. The bank charged a $306 check of ABC Company against Oriole Industries' account. Deposit in transit on February 28-$2.088

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Prepare a bank reconciliation in proper format. (List items that increase balance as per bank & books first.) Orioleindustries Bank Reconciliation February 28 > S 10 S
Transcribed Image Text:Prepare a bank reconciliation in proper format. (List items that increase balance as per bank & books first.) Orioleindustries Bank Reconciliation February 28 > S 10 S
Oriole Industries provided the following information for the month of February. Balance per bank on February 28-$36,060 Balance per books on February 28-$37,360 1. 2. 3. 4. 5 6 7 8 a b C Total outstanding checks at February 28-$2,436 Debit memoranda: NSF check from Sanderson, Inc.-$522 Printing company checks-$34 Electronic payment to bank for a loan-$2.568. Of this amount, $108 is interest. Credit memorandum: EFT from customer for $1,700 A check written this month to City Utilities and cleared the bank at the correct amount of $2,080, but was recorded at $2,162. The bank charged a $306 check of ABC Company against Oriole Industries' account. Deposit in transit on February 28-$2,088
Transcribed Image Text:Oriole Industries provided the following information for the month of February. Balance per bank on February 28-$36,060 Balance per books on February 28-$37,360 1. 2. 3. 4. 5 6 7 8 a b C Total outstanding checks at February 28-$2,436 Debit memoranda: NSF check from Sanderson, Inc.-$522 Printing company checks-$34 Electronic payment to bank for a loan-$2.568. Of this amount, $108 is interest. Credit memorandum: EFT from customer for $1,700 A check written this month to City Utilities and cleared the bank at the correct amount of $2,080, but was recorded at $2,162. The bank charged a $306 check of ABC Company against Oriole Industries' account. Deposit in transit on February 28-$2,088
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