prepare a correct bank reconcillation

Ivanhoe Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31,2022 , was $18,460.00. Outstanding checks were No, 62 for $144,00, No. 183 for $179.00, No. 284 for $258.00, Na. 862 for $217.00, No. 863 for $229.00, and No. 8.64 for $202.00. Included with the statement was a credit memorandum of $203.00 indicating the collection of a note receivable for Ivanhoe Company by the bank on Qctober 25 . This memorandum has not been recorded by lvanhoe. The company's ledger showed one Cash account with a balance of $22,138.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret tock for personal use all of the undeposited receipts in excess of $3,933.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) (List items that