Current Attempt $in$ Progress

$On$ August $31,2024,$ Ivanhoe Company had a cash balance per its books $of\frac{?}{(\frac{?}{?}\text{\$}26,430\frac{?}{?}).}$ The bank statement $on$ that date showed a balance $of\frac{?}{(\frac{?}{?}\text{\$}16,800\frac{?}{?}).}$ A comparison $of$ the bank statement with the Cash account revealed the following.

$1.$ The August $31$ deposit $of\frac{?}{(\frac{?}{?}\text{\$}17,630\frac{?}{?})}$ was not included $on$ the August bank statement.

$2.$ The bank statement shows that Ivanhoe received EFT deposits from customers $on$ account totalling $\frac{?}{?}$$$2,170in$ August. Ivanhoe has not recorded any $of$ these amounts.

$3.$ Cheque $\frac{?}{?}$#$673$ for $\frac{?}{(\frac{?}{?}\text{\$}1,450\frac{?}{?})}$ was outstanding $on$ July $31.It$ did not clear the bank account $in$ August. All $of$ the cheques written $in$ August have cleared the bank $by$ August $31,$ except for cheque $\frac{?}{?}$#$710$ for $\frac{?}{?}$$$2,360,$ and $\frac{?}{?}$#$712$ for $\frac{?}{?}$$$2,450.$

$4.$ The bank statement showed $on$ August $29anNSF$ charge $of\frac{?}{(\frac{?}{?}\text{\$}380\frac{?}{?})}$ for a cheque issued $byR.$ Martin, a customer, $in$ payment $of$ their account. This amount included $an\frac{?}{(\frac{?}{?}\text{\$}11\frac{?}{?})}$ service charge $by$ Ivanhoe's bank. The company's policy $isto$ pass $on$ all $NSF$ service charges $to$ the customer.

$5.$ Bank service charges $of\frac{?}{(\frac{?}{?}\text{\$}23\frac{?}{?})}$ were included $on$ the August statement.

$6.$ The bank recorded cheque $\frac{?}{(\frac{?}{?}\text{\#}705\frac{?}{?})}$ for $\frac{?}{(\frac{?}{?}\text{\$}69\frac{?}{?})}as\frac{?}{(\frac{?}{?}\text{\$}96\frac{?}{?}).}$ The cheque had been issued $to$ pay for a building repair. Ivanhoe had correctly recorded the cheque.

Prepare a bank reconciliation $at$ August $31.(List$ items that increase balance $as$ per bank & books first.$)$

IVANHOE COMPANY

Bank Reconciliation

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