When Ivanhoe Ltd. received its bank statement for the month of June, it showed that the company had a cash balance of $15,252 as at June 30. Ivanhoe's general ledger showed a cash balance of $19,000 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. 2. 3. 4. 5. 6. An EFT payment for utilities expenses had been correctly made for $970 but had been incorrectly recorded in the general ledger as $717. Ivanhoe had written and mailed out cheques with a value of $1,890 that had not yet cleared the bank account. The cash receipts for June 30 amounted to $4,800 and had been deposited in the night deposit chute at the bank on the evening of June 30. These were not reflected on the bank statement for June. Bank service charges and debit and credit card processing fees for the month were $205. During the month, the bank collected a $2,380 note receivable plus the outstanding interest of $440 on behalf of Ivanhoe. The interest had already been accrued by Ivanhoe. A cheque in the amount of $3,200 from one of Ivanhoe's customers that had been deposited during the last week of May was returned with the bank statement as "NSF."

When Ivanhoe Ltd. received its bank statement for the month of June, it showed that the company had a cash balance of $15,252 as at June 30. Ivanhoe's general ledger showed a cash balance of $19,000 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. AnEFT payment for utilities expenses had been correctly made for $970 but had been incorrectly recorded in the general ledger as $717. 2. Ivanhoe had written and mailed out cheques with a value of $1,890 that had not yet cleared the bank account. 3. The cash receipts for June 30 amounted to $4,800 and had been deposited in the night deposit chute at the bank on the evening of June 30 . These were not reflected on the bank statement for June. 4. Bank service charges and debit and credit card processing fees for the month were $205. 5. During the month, the bank collected a $2,380 note receivable plus the outstanding interest of $440 on behalf of Ivanhoe. The interest had already been accrued by Ivanhoe. 6. A cheque in the amount of $3,200 from one of Ivanhoe's customers that had been deposited during the last week of May was returned with the bank statement as "NSF:" Jun. 30 Credit (To record interest receivable collection on note) 30 (To record account receivable) 30 (To record EFT error) 30 (To record bank service charge)