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The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. On July 9, Oriole recorded a deposit as $2,064. The correct amount. prepare any entries that Oriole will need to recoed p was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake. prepare any entries that Oriole will need to record. The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. 5. 6. On July 9, Oriole recorded a deposit as $2,064. The correct amount was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.

The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. On July 9, Oriole recorded a deposit as $2,064. The correct amount. prepare any entries that Oriole will need to recoed p was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake. prepare any entries that Oriole will need to record. The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. 5. 6. On July 9, Oriole recorded a deposit as $2,064. The correct amount was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4PB
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The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. On July 9, Oriole recorded a deposit as $2,064. The correct amount. prepare any entries that Oriole will need to recoed p was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake. prepare any entries that Oriole will need to record. The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. 5. 6. On July 9, Oriole recorded a deposit as $2,064. The correct amount was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.
Transcribed Image Text:The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. On July 9, Oriole recorded a deposit as $2,064. The correct amount. prepare any entries that Oriole will need to recoed p was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake. prepare any entries that Oriole will need to record. The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. 5. 6. On July 9, Oriole recorded a deposit as $2,064. The correct amount was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.
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