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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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