Question: The following errors were found when the controller at Ivanhoe Hotel was doing the October 31 bank reconciliation. 1. On October 3, Ivanhoe recorded a

The following errors were found when the controller at Ivanhoe Hotel was doing the October 31 bank reconciliation.

1. On October 3, Ivanhoe recorded a payment of an account payable as $583. The correct amount was $853. It was correctly recorded by the bank.

2. On October 16, Ivanhoe recorded a deposit as $1,660. The correct amount was $6,160. The deposit was for the collection of an account receivable and the bank recorded it correctly.

3. On October 31, the bank recorded a deposit as $5,351. The correct amount was $3,551. This error was corrected by the bank on November 1. Ivanhoe had correctly recorded the deposit For each of these errors, prepare the journal entries for Ivanhoe if required

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