The cash records of Oriole Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total $690. During July, the general ledger account Cash shows deposits of $17,970, but the bank statement indicates that only $15,770 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $930. During the month of July, Oriole Company books show that $19,160 of checks were issued, yet the bank statement showed that $16,800 of checks cleared the bank in July. For September: 3. In September, deposits per bank statement totaled $26,750, deposits per books were $26,340, and deposits in transit at September 30 were $2,810. 4. In September, cash disbursements per books were $23,030, checks clearing the bank were $24,370, and outstanding checks at September 30 were $2,44
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The cash records of Oriole Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in transit ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
1. Does the selected business have differentiated products or services? If so, what is the basis for this differentiation from the competition?
Answers (1)
An oligopoly market structure is distinguished by several characteristics, one of which is market control by a few large firms. What are some other characteristics of this market structure? Check all that apply.
Answers (1)
A stock currently sells for $63. The dividend yield is 3.6 percent and the dividend growth rate is 4.9 percent. What is the amount of the dividend to be paid in one year
Answers (1)
The term risk, when applied to borrowers, specifically refers to
Answers (1)
The sarbanes-oxley act requires companies to establish ethics codes, develop employee complaint systems, and have antiretaliation policies for employees who act as whistle blowers to identify wrongful actions.
Answers (1)
New Questions in Business
Quincy listed information from his credit report. Which list could Quincy have written? A previous address, current address, bankruptcy, car loan payment history current B address, monthly income, car loan payment history, date of birth C previous
Answers (1)
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $130,000 7-years from now. How much must Carol deposit to accomplish her goal?
Answers (1)
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
United Birdseed is expected to pay the following dividends over the next three years: After year 3, dividends are expected to grow by 5% per year forever. The expected/required return on United Birdseed stock is 10%. What is the stock price?
Answers (1)
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)