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The following information pertains to Ivanhoe Company. 1. Cash balance per books, August 31,$7,424. 2. Cash balance per bank, August 31,$7,388. 3. Outstanding checks, August

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The following information pertains to Ivanhoe Company. 1. Cash balance per books, August 31,$7,424. 2. Cash balance per bank, August 31,$7,388. 3. Outstanding checks, August 31,\$691. 4. August bank service charge not recorded by the depositor $43. 5. Deposits in transit, August 31, $2,860. In addition, $2,176 was collected for Ivanhoe Company in August by the bank through electronic funds transfer. The collection has not been recorded by Ivanhoe Company. Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank \& books IVANHOE COMPANY Bank Reconciliation August 31, 2025 Cash balance per bank statement $7,388 \begin{tabular}{ll} \hline Add & : Deposits in transit \\ \hline \end{tabular} \begin{tabular}{|r|} \hline 2,860 \\ \hline 10,248 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & 691i \\ \hline$9,557 \\ \hline \end{tabular} Cash balance per books $ 7424 \begin{tabular}{|l|} \hline 43i \\ \hline$9557 \\ \hline \end{tabular} Journalize the adjusting entries at August 31 on the books of Ivanhoe Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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