K Ivanhoe's Sweet Shop's August 31 bank balance was $11,123. The company's cash balance at August 31 was $10,805. Other information follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. Outstanding cheques were #421 for $153, #485 for $253, #492 for $163, and # 494 for $1,153. Cheque #421 was also outstanding on July 31 and was included on July's bank reconciliation. Included with the statement were EFT deposits totalling $1,723 during August in payment of accounts receivable. These deposits have not been recorded by the company. Cheque # 490 was correctly written and paid by the bank for $206. The cheque had been issued to pay accounts payable and the company had recorded it as $266. The bank statement showed a cheque #4832 for $783, which did not appear on the company's books. Investigation revealed Metlock's Water Works and was charged to Ivanhoe's Sweet Shop's account in error. that the cheque was actually issued The bank returned an NSF cheque from a customer for $373. The bank statement showed two debit memoranda for service charges: one for $13 related to the NSF cheque (see item [5] above) and one for $33 for cheque printing charges. The company's policy is to pass on all NSF processing fees to the customer. The company's records showed the August 15 deposit as $4,690. On the bank statement, it was correctly recorded as $4,990. The deposit was for cash sales. The company has a pre-authorized EFT payment for its monthly utilities for $233 scheduled for the last day of each month. As August 31 was a Sunday this year, the bank posted it on September 1. The company recorded it in August. The $1,343 July 31 bank deposit was recorded on August 1 on the bank statement. The August 31 bank deposit of $2,518 was not included on the August bank statement.

Ivanhoe's Sweet Shop's August 31 bunk balance was $11,123. The comparv's cash balance at August 31 was $10,805. Othes information follows: 1 Outstanding cheques were $421 for $153, \#485 for $253,$492 for $163 and $494 for $1,153. Cheque \#421 war also outstanding on July 31 and was included on Julys bank reconcliation. 2. Induded with the statement were EFT deposits totalling $1,723 during August in psyment of accounts receivable. These deposits have not been recorded by the company. 3. Cheque a490 was correctly witten and paid by the bank for $206. The cheque had been issued to pay accounts paryable and the compary had recorded it as $266 4. The bankstatement showed a cheque 44832 for $783, which did not appear on the company/s books investigation revealed that the cheque was actually issued by Metlock's Woter Works and was charged to Ivanhoe's Sweet Shop's account in erroe 5. The bank retumed an N5F cheque from a customer for $373. 6. The bank statement showed two debit memoranda for service charges one for $13 related to the NSF cheque [see item [5] above) and one for 533 for cheque printine charges. The compary/s policy is to pas on all NSF processing fees to the customer. 7. The compands records showed the Augast 15 deposit as $4,690. On the bark statement, it was correctly recorded as $4,990. The deposit was for cash sales. 8. The company has a pre-autherized EFT pyment for its monthy utities for $233 scheduled for the last diy of each month, AS August 31 was a Sunday this year, the bank posted it on September 1 . The corpany recorded it in August. 9. The $1.343 July 31 bank deposit was recorded on Avost 1 on the bank statement. The Auzust 31 bankdeposit of $2518 was not included on the August bank statement