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Journalize the adjusting entries at july

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Reference no: EM131703889

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 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.

Prepare a bank reconciliation at July 31, 2017.

Journalize the adjusting entries at July 31 on the books of Ivanhoe Company.

Reference no: EM131703889

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