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The following information is for Ivanhoe Company: 1. 2. 3. 4. Cash balance per bank, July 31, $5,890. July bank service charge not recorded by

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The following information is for Ivanhoe Company: 1. 2. 3. 4. Cash balance per bank, July 31, $5,890. July bank service charge not recorded by the depositor, $16. The bank erroneously charged another company's $560 cheque against Ivanhoe's account. Cash balance per books, July 31, $7,027. The bank charged Ivanhoe's account $280 for a customer's NSF cheque. Deposits in transit, July 31. $1.760. Ivanhoe recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 5. 6. 7. 8. The bank collected a $1.000 note for Ivanhoe in July, plus interest of $29, less a fee of $16. The collection has not been recorded hv Ivanhoe and no interest has been accrued. 9. Outstanding cheques, July 31, $475. Prepare a bank reconciliation for July 31. (List items that increase balance as per bank & books first.) IVANHOE COMPANY Bank Reconciliation July 31 $ $ > $ $ S > v > Journalize the adjusting entries for July 31 on the books of Ivanhoe Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit July 31 (To record the bank service charge, correct deposit error and NSF cheque) July 31 (To record the bank service charge, correct deposit error and NSF cheque) July 31 (To record the collection of the note)

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