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I need solutions for the 3rd picture thank you so much for your help When Ivanhoe Holdings Ltd. received its bank statement for the month
I need solutions for the 3rd picture
thank you so much for your help
When Ivanhoe Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $19,658 as at October 31. Ivanhoe's general ledger showed a cash balance of $20,590 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. Bank service charges and debit and credit card processing fees for the month were $66. 2. A cheque in the amount of $628 from one of Ivanhoe's customers that had been deposited during the last week of October was returned with the bank statement as "NSF." 3. Cheque \#3421, which was a payment for utilities expenses, had been correctly written for $926 but had been incorrectly recorded in the general ledger as $740. 4. Ivanhoe had written and mailed out cheques with a value of $2,886 that had not yet cleared the bank account. 5. During the month, the bank collected a $2,160 note receivable plus the outstanding interest of $194 on behalf of Ivanhoe. The interest had already been accrued by Ivanhoe. 6. The cash receipts for October 31 amounted to $5,292 and had been deposited in the night deposit chute at the bank on the evening of October 31. These were not reflected on the bank statement for October. Date Account Titles and Explanation Oct. 31 31 (To record NSF cheque) 31 (To adjust cheque \#3421) 31 Debit Credit CreditStep by Step Solution
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