The following information relates to Oriole Limited's Cash account. The reconciled cash balance from June's bank reconciliation is$19,590. During the month of July, Oriole recorded cash receipts of $21,400 and cash payments of $24,300 in the general ledger Cashaccount. An examination of the company's July bank statement shows a balance of $19,630 on July 31; outstanding cheques $4,000;deposits in transit $1,820; EFT collections on account that were not yet recorded on the books $2,192; NSF cheque $1,248; NSF fee$72; and bank service charges $112.Determine the cash balance per Oriole Limited's books.Cash balancePrepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.)AddCash balance per bankBank service chargeReconciled cash balance per bankDeposits in transitNSF cheque and feeOutstanding chequesEFT collections on accountOriole LimitedBank ReconciliationJuly 31$

Introduction:- A bank reconciliation statement is plays vital role in any organization. which…

Answered: Determine the cash balance per Oriole…

Determine the cash balance per Oriole Limited's books. Cash balance $ Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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