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Ivanhoe Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2025, the company's Cash account per its general
Ivanhoe Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2025, the company's Cash account per its general ledger showed a balance of $6,858.90. The bank statement from Emporia State Bank on that date showed the following balance. A comparison of the detalis on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $64,00 for the printing of additional company checks. 2. Cash sales of $907.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $957.15. The bank eredited Ivanhoe Company for the correct amount. 3. Outstanding checks at May 31 totaled $267.25, and deposits in tramit were $1,904.15. 4. On May 18, the company issued check No. 1181 for $686.00 to H. Moses, on account. The check, Which cleared the bank in May. was incorrectly journalized and posted by Ivanhne Company for $66$00. 5. \$2,834.00 was collected from a customer's note receivable by the bank for ivanhoe Company an May 31 through electronic funds transfer. 6. Included With the canceled checks was a check issued by Tomins Company to C. Pernod for $336.00 that was incorrectly charged to tvanhoe Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $500.00 for a check issued by Sara Ballard, a cistomer, to wanhoe Company on account. Prepare the bank reconciliation at May 31. 2025. (Listitems that increase balance as per bonk \& books first. Round answers to 2 decimal places, es. 5,275.50. Prepare the necessary adjusting entries for Ivanhoe Company at May 31, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. List all debit entries before credit entries, Round answers to 2 decimal ploces, eg. 5,275.50.) (To record collection of note) May 31 (To record NSF check) May 31 (To correct error in deposit) May 31 (To correct error in recording check) May 31 (To record charges for printing company checks)
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