Business, 26.10.2021 19:40 eamber646

On July 31, 2022, Oriole Company had a cash balance per books of $6,315.00. The statement from Dakota State Bank on that date showed a balance of $7,865.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $20.00.
2. The bank collected $1,695.00 from a customer for Oriole Company through electronic funds transfer.
3. The July 31 receipts of $1,373.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $349.00.
5. Checks outstanding on July 31 totaled $2,044.10.
6. On July 31, the bank statement showed an NSF charge of $750.00 for a check received by the company from W. Krueger, a customer, on account.

Required:
Prepare the necessary adjusting entries at July 31.

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On July 31, 2022, Oriole Company had a cash balance per books of $6,315.00. The statement from Dakot...

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