On May $31,$ Ivanhoe Limited had a cash balance per books of $$14,900.$ The bank statement from Community Bank on that date

showed a balance of $$17,000.$ A comparison of the bank statement with the company's Cash account revealed the following:

The bank statement included a bank service charge of $$80.$

The bank statement included electronic collections totalling $$4,350.$ These were not previously recorded.

Outstanding cheques at April $30$ totalled $$3,150.$ Of these, $$2,280$ worth cleared the bank in May. There were $$1,870$ of

cheques written in May that were still outstanding on May $31.$

Included with the cancelled cheques was a cheque issued by O'Bearne Inc. for $$1,210$ that was incorrectly charged to

Ivanhoe by the bank.

On May $31,$ the bank statement showed a returned $($NSF$)$ cheque for $$1,710$ issued by a customer in payment of its account.

In addition, the bank charged an $$80$ processing fee for this transaction.

The May $31$ deposit of $$1,910$ was not included in the deposits on the May bank statement. The deposit had been placed in

the bank's night deposit chute on May $31.$

$($a$)$

Prepare the bank reconciliation at May $31.($List items that increase balance as per bank & books first.$)$

IVANHOE LTD$.$

Bank Reconciliation

May $31$