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Question 2 4/8 View Policies Show Attempt History Current Attempt in Progress On July 31, Oriole Ltd. had a cash balance of $(a) Your answer is correct Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books(b) Prepare any journal entries required from the reconciliation. (Credit account titles are automatically indented when the

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Answer #1

Adjusting entry

Date account and explanation Debit Credit
July 31 Cash 5226
Account receivable 5226
(To record EFT collection)
July 31 Bank Charges 116
cash 116
(To record bank charges)
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