Prepare the bank reconciliation at May 31, 2022.(List items that increase cash balance first. Round answers to 2 decimal places, e.g. 2,245.25.)

and

Prepare the necessary entries forIvanhoeCompany at May 31, 2022.

On May 31, 2022, Ivanhoe Company had a cash balance per books of $6,748.20. The bank statement from New York State Bank on that date showed a balance of $6,497.30. A comparison of the statement with the Cash account revealed the following facts. 1. The statement included a debit memo of $53.00 for the printing of additional company checks. 2. Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $886.15. The bank credited Ivanhoe Company for the correct amount. 3. Outstanding checks at May 31 totaled $593.50. Deposits in transit were $3,600.40. 4. On May 18, the company issued check No. 1181 for $684 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Ivanhoe Company for $648. 5. A $4,500 note receivable was collected by the bankfor Ivanhoe Company on May 31 plus $75 interest. The bank charged a collection fee of $40. No interest has been previously recorded on the note. 6. Included with the canceled checks was a check issued by Stiner Company to Ted Cress for $840.00 that was incorrectly charged to Ivanhoe Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $800.00 for a check issued by Sue Allison, a customer, to Ivanhoe Company on account. Prepare the bank reconciliation at May 31, 2022. (List items that increase cash balance first. Round answers to 2 decimal places, e.g. 2,245.25.) IVANHOE COMPANY Bank Reconciliation $ v: V $ v v: $ to v: to v: https://learn.wileyplus.com/courses/48106/assignments/5389912 2/4'11/2020 Chapter 12 Homework Date Account Titles and Explanation Debit Credit May 31 (To record the collection of the note.) May 31 (To record NSF check) May 31 (To record error in deposit) May 31 (To correct error in recording check) May 31 (To record check printing charge) tps://learn.wileyplus.com/courses/48106/assignments/5389912