On May 31, 2024 Ivanhoe Theatre's cash account per its general ledger showed the following balance CASH No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance 5473 The bank statement from Canada Bank on that date showed the following balance CANADA BANK Cheques and Debits Deposits and Credits Daily Balance: XXX 5/31 5.443 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts 1. The statement included a debit memo of $35 for the monthly bank service charges 2 a. 4 5 6. Cash sales of $669 on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash journal as $679. Outstanding cheques on May 31 totalled $412 and deposits in transit were $1.149 On May 18, the company issued cheque #1581 for $686 to M. Jones, on account. The cheque, which cleared the bank in May was incorrectly journalized and posted by Ivanhoe Theatre for $668 A$2.000 note receivable was wired to the bank account of Ivanhoe Theatre on May 31. Interest was not collected for the note Included with the cancelled cheques was a cheque issued by Oriole Theatre for $480 that was incorrectly charged to Ivanhoe Theatre by the bank 13C Cloudy 658PM