Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 of 13 < > View Policies Current Attempt in Progress The following information pertains to Ivanhoe Company 1 Cash balance per books,

image text in transcribed

Question 8 of 13 < > View Policies Current Attempt in Progress The following information pertains to Ivanhoe Company 1 Cash balance per books, August 31.$7,424 2 Cash balance per bank, August 31.$7,388 3. Outstanding checks, August 31.5691. 4. August bank service charge not recorded by the depositor $43 5 Deposits in transit, August 31.$2.860 -12 E In addition, $2,176 collected for Ivanhoe Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Ivanhoe Company. Prepare a bank reconciliation at August 31.2022. (List items that increase balance as per bank & books first.) IVANHOE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement Add o Add : Cash balance per books 0 0 $ $ $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

12th edition

1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056

More Books

Students also viewed these Accounting questions