Question

The Oriole Boat Company's bank statement for the month of November showed a balance per bank of information is as follows: the company's Cash court in the general lederhad balance of 57378 November Other (1) Cash receipts for November 30 recorded on the company's books were $7630 but this amount does not appear on the bank statement (2) The bank statement shows a debit memorandum for $40 for check printing charges (3) Check No 119 payable to Ivanhoe Company was recorded in the cash payments journal and cleared the bank for $347. A review of the accounts payable subsidiary leder shows $27 credible in the account of Ivanhoe Company and that the payment to them should have been for $274 (4) The total amount of checks still outstanding at November 30 mounted to $5.280 (5) Check No 138 was correctly written and paid by the bank for $50s. The cash payment journal reflects an entry for Check No 138 adebit to Accounts Payable and credit to China Bark for 3500 (6) The bank returned an NSF check from a customer for 5560 17) The bank included a credit memorandum for $3,600 which represents a collection of customer's note by the bank for the company, the principal amount of note was $1463 interest was $137 Interest has not been accrued Prepare a bank reconciliation for the Oriole Boat Company at November 30, ORIOLE BOAT COMPANY Bank Reconciliation

Answer 1

	Oriole Company
	Bank Reconciliation
	Nov-30
	Balance as per Bank		$             8,600
Add:	Deposit in transit		$             7,630
			$          16,230
Less:	Outstanding checks		$             5,280
	Adjusted bank balance		$          10,950
	Balance as per Books		$             7,878
Add:	Error in recording check no. 138		$                   72
	Collection of note and interest revenue		$             3,600
			$          11,550
Less:	Printing charges		$                   40
	NSF checks		$                560
	Adjusted book balance		$          10,950