On August Ivanhoe Com pany had a cash balance per its books of $ The bank statement on that date shonwed a

balance of $ A comparison of the bank statement with the Cash acount revealed the following.

The August depositof $was not included on the August bank statement

The bank statement shows that Ivanhce received EFT deposits from customers on account totalling $ in August

lvanhoe has not recorded any of these amounts.

Cheque #for $was outstanding on July Itdid not clear the bank account in August All of the cheques written

in August have cleared the bank by August except for cheque #for $ and #for $

The bank statement showed on August an NSF charge of $ for a cheque issued by R Jones. a customer. in payment

of their account This amount included an $Oservice charge by Ivanhse\'s bank The company\'s policy is to pass on all NSF

service charges to the customer.

Bank service charges of $ were included on the August statement

The bank recorded cheque # for $ as $ The cheque had been issued to pay for a building repair. lvanhoe had

corretly recorded the cheque.

Prepare the necessany entries required by the reconiliation on August

Answer rating: 100% (QA)

1 Deposit Not Included in Bank Statement The deposit of 17360 made on August 31 was not included in ... View the full answer