Question
The following information pertains to Ivanhoe Company. 1. Cash balance per bank, July 31, $ 8,038. 2. July bank service charge not recorded by the
The following information pertains to Ivanhoe Company. 1. Cash balance per bank, July 31, $ 8,038. 2. July bank service charge not recorded by the depositor $ 54. 3. Cash balance per books, July 31, $ 8,074. 4. Deposits in transit, July 31, $ 3,410. 5. $ 2,726 collected for Ivanhoe Company in July by the bank through electronic funds transfer. The collection has not been recorded by Ivanhoe Company. 6. Outstanding checks, July 31, $ 702. (a) Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) IVANHOE COMPANY Bank Reconciliation choose the accounting period select an opening name for section one $ enter a dollar amount select between addition and deduction : select a reconciling item enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction : select a reconciling item enter a dollar amount select a closing name for section one $ enter a total amount for section one select an opening name for section two $ enter a dollar amount select between addition and deduction : select a reconciling item enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction : select a reconciling item enter a dollar amount select a closing name for section two $ enter a total amount for section two Attempts: 0 of 1 used
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started