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On August 3 1 , 2 0 2 4 , Ivanhoe Company had a cash balance per its books of $ 2 7 , 3
On August Ivanhoe Company had a cash balance per its books of $ The bank statement on that date showed a balance
of $ A comparison of the bank statement with the Cash account revealed the following.
The August deposit of $ was not included on the August bank staterment.
The bank staternent shows that lvanhoe received EFT deposits from custormers on account totalling $ in August. lvanhoe
has not recorded any of these amounts.
Cheque # for $ was outstanding on July It did not clear the bank account in August. All of the cheques written in
August have cleared the bank by August except for cheque # for $ and # for $
The bank staterment showed on August an NSF charge of $ for a cheque issued by R Jones, a custormer, in payment of
their account. This amount included an $ service charge by Ivanhoe's bank. The cormpany's policy is to pass on all NSF service
charges to the customer.
Bank service charges of $ were included on the August statemnent.
The bank recorded cheque # for $ as $ The cheque had been issued to pay for a building repair. Ivanhoe had
correctly recorded the cheque.Bank Reconciliation
$
$
$
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