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The following information is for lvanhoe Ltd. in July: Cash balance per bank, July 31, $10,860 2. Cash balance per books, July 31, $8,790 Bank

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The following information is for lvanhoe Ltd. in July: Cash balance per bank, July 31, $10,860 2. Cash balance per books, July 31, $8,790 Bank service charge, $30 1. 3. 4. Deposits in transit, $1,898 5. Electronic receipts from customers in payment of their accounts, $1.610, not previously recorded by the company 6. Outstanding cheques, $2,298 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was written for the purchase of office supplies. Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) IVANHOE LTD. Bank Reconciliation July 31 Cash balance per bank statement 10860 30 Add Bank service charges 10890 Less EFT deposits 1610 Reconciled cash balance per bank 9280 Cash balance per books 8790 $ 1 Add Outstanding cheques 2298 90 Cheque No. 373 error VDeposits in transit Cheque No. 373 error Less 1898 Outstanding cheques Reconciled cash balance per books Reconcilt EFT deposits 9280 Bank service charges Cash balance per books Part 2 Your answer is partially correct Prepare any journal entries required from the reconcilation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Credit Debit Account Titles and Explanation Date 1610 July 31 Cash 1610 Accounts Receivable (To correct error in cheque 373) 30 31 Bank Charges Expense 30 cash (To record EFT deposits) 90 31 Supplies Expense 90 cash To record bank service charge)

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