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Question 3 On August 31, Ivanhoe Company had an unadjusted cash balance of $10,100. An examination of the August bank statement shows a balance of
Question 3 On August 31, Ivanhoe Company had an unadjusted cash balance of $10,100. An examination of the August bank statement shows a balance of $9,180 on August 31, bank service charges of $23, deposits in transit of $2,280, interest earned of $10, outstanding cheques of $1,533, and an NSF cheque of $160. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) Ivanhoe Company Bank Reconciliation $ .: $ $
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