At July 31, Oriole Company has the following bank information: cash balance per bank $8,250, outstanding...

Question

Question

At July 31, Oriole Company has the following bank information: cash balance per bank $8,250, outstanding checks $692, deposit

business accounting

Answer 1

Answer #1

Adjusted cash balance per bank = Unadjusted cash balance per bank + Deposit in transit - Outstanding checks

= $ 8,250 + 1,831 - 692

= $ 9,389

Answer 2

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