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 $12,497.90 Add: Deposits in transit 1,530.20 14,028.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 684.20 2470 2471 844.50 2472 435.75 2474 1,050.00 4,274.85 $9,753.25 Adjusted cash balance per bank 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 11-1 Amount $684.20 Date 11-1 Amount $1,530.20 11-2 844.50 11-4 1.211.60 1,050.00 11-8 990.10 Number 2470 2471 2474 2475 2476 2477 2479 2480 2481 2483 2486 11-5 11-4 11-8 11-10 11-15 11-18 11-27 11-30 11-29 2,575.00 1.472.70 2,945.00 1,640.70 2,830.00 600.00 1,720.00 1,330.00 695.40 575.50 11-13 11-18 11-21 11-25 11-28 11-30 Total 2,567.30 1,650.00 1,186.00 16,127.90 940.00 Total $12.910.30 The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Date Date 11-1 11-2 Amount $575.50 820.55 Amount $ 1.211.60 11-3 11-7 990.10 974.80 11-12 Number 2483 2484 2485 2486 2487 2488 11-2 11-4 2.575.00 Number 2475 2476 2477 2478 2479 2480 2481 Amount Date $1.640.70 11-20 2,830.00 11-22 600.00 11-23 538.20 11-24 1.702.00 11-29 1,330.00 11-30 695.40 Total 11-17 940.00 398.00 800.00 1,472.70 2.954.00 11-8 11-20 11-24 11-27 11-10 11-15 2,567.30 $14.457.15 1.650.00 11-18 2482 612.00 11-29 1.186.00 11-30 1,434.00 Total $16,040.70 The bank statement contained two bank memoranda: 1. Acredit of $2,357.00 for the collection for Ivanhoe Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $93.95. At November 30, the cash balance per books was $11,336.80 and the cash balance per bank statement was $17.978.55. The bank did not make any errors, but Ivanhoe Company made two errors. Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2017. (List items that increase balance as per bank and books first.) IVANHOE COMPANY Bank Reconciliation For the Month Ended November 30, 2017
