Exercise 7-24 Ivanhoe Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $18,200 Add: Deposits in transit 4,004 Deduct: Outstanding checks (5,200 ) Balance per books $17,004 Month of July Results Per Bank Per Books Balance July 31 $22,490 $24,050 July deposits 13,000 15,106 July checks 10,400 8,060 July note collected (not included in July deposits) 2,600 July bank service charge 39 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 871 Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. IVANHOE LANSBURY COMPANY Bank Reconciliation July 31 $ : : $ $ : : $ $ Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit