On August $31,2024,$ Ivanhoe Company had a cash balance per its books of $$27,370.$ The bank statement on that date showed a balance

of $$17,440.$ A comparison of the bank statement with the Cash account revealed the following.

$1.$ The August $31$ deposit of $$17,360$ was not included on the August bank staterment.

$2$

The bank staternent shows that lvanhoe received EFT deposits from custormers on account totalling $$2,070$ in August. lvanhoe

has not recorded any of these amounts.

$3.$ Cheque #$673$ for $$1,340$ 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 #$710$ for $$2,150,$ and #$712$ for $$2,030.$

The bank staterment showed on August $29$ an NSF charge of $$117$ for a cheque issued by R$.$ Jones, a custormer, in payment of

their account. This amount included an $$10$ service charge by Ivanhoe's bank. The cormpany's policy is to pass on all NSF service

charges to the customer.

$5.$ Bank service charges of $$25$ were included on the August statemnent.

$6.$

The bank recorded cheque #$705$ for $$102$ as $$120.$ The cheque had been issued to pay for a building repair. Ivanhoe had

correctly recorded the cheque.Bank Reconciliation

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