Problem 7-4A The bank portion of the bank reconciliation for Ivanhoe Company at October 31, 2017, is shown below IVANHOE COMPANY Bank Reconciliation October 31, 2017 Cash balance per bank Add: Deposits in transit $12,607.90 1,530.20 14,138.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount $1,260.40 684.20 844.50 432.15 1,050.00 4,271.25 $9,866.85 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits Bank Statement Checks Deposits Date Number Amount 11-1 11-2 11-5 11-4 11-8 11-10 2477 11-15 2479 11-18 2480 11-27 2481 11-30 2483 11-29 2486 Amount 684.20 844.50 1,050.00 1,640.70 2,830.00 600.00 1,750.00 1,330.00 695.40 575.50 940.00 Total $12,940.30 Date 11-1 1,530.20 11-4 11-8 11-13 2,575.00 11-18 1,472.70 11-21 2,945.00 11-25 2,567.30 11-28 1,650.00 11-30 1,186.00 Total 2470 2471 2474 2475 2476 1,211.60 990.10 16,127.90