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The following information is for Ivanhoe Company in September: 1. Cash balance per bank, September 30, $6,900. 2. Cash balance per books, September 30,
The following information is for Ivanhoe Company in September: 1. Cash balance per bank, September 30, $6,900. 2. Cash balance per books, September 30, $5,330. 3. Outstanding cheques, $3,020, 4. Bank service charge, $23. 5. NSF cheque from customer, $220. 6. Deposits in transit, $1,350. 7. EFT receipts from customers in payment of their accounts, $80. 8. Cheque #212 was correctly written and posted by the bank as $429. Ivanhoe Company had recorded the cheque as $492 in error. The cheque was written for the purchase of supplies. Prepare a bank reconciliation at September 30, 2021. (List items that increase balance as per bank & books first.) IVANHOE COMPANY Bank Reconciliation September 30, 2021 Cash balance per bank statement Add V Deposits in transit Less Error in cheque No. 212: Supplies Outstanding cheques Adjusted cash balance per books Add EFT collection of Accounts Receivable. Cheque printing charge 6.900 3.020 5.330
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