Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ivanhoe inc.'s bank statement from western bank at

Ivanhoe Inc.'s bank statement from Western Bank at August 31, 2022, shows the following information....

70.2K

Verified Solution

Question

Accounting

image

Ivanhoe Inc.'s bank statement from Western Bank at August 31, 2022, shows the following information. A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1,$18,252; cash receipts deposited $83,160; cheque disbursements $79,450; and unreconciled cash balance, August 31, $21,962. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $5,400 and outstanding cheques of $4,860. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $400 payable to a supplier on account that cleared the bank in August was journalized and posted for $40. Calculate deposits in transit at August 31

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Treynor Pie Company is a food company specializing in high-calorie snack foods. It is seeking to...

Finance
Q

. Find the general solution to the ODE: x^2 y\" + 5xy' + 3y = x^2

Basic Math
Q

there is a mutation in a gene impairing fatty acid synthesis. what enzyme is most likely...

Biology
Q

script for Secant Method. Using Matlab or Octave. The data: y = x.^2 - 1.2 x_lower = 0.4 x_upper...

Electrical Engineering
Q

Which statement best describes the beliefs of Confucius?A. Dynasties or rulers who displeased the gods...

Biology
Q

When taken up by a cell which of the following molecules binds to a repressor...

Biology
Q

SolveLancer Test In the given figure are the bulbs are of same rating Which of...

Physics
Q

9 Name the following relationship between theses circles B O Disjoint circles O Tangent circles

Geometry
Q

4 IQ scores of college professors have a standard deviation less than 15 which is...

Statistics
Q

0 Artur Rose Sunglasses for sout 5154 per par Suppose the company noun the following...

Accounting
Q

Smith Trucking Services establishes a petty cash fund on April 3 for $450. By the...

Accounting
Q

LennoxLennox suspects that her allocation of indirect costs could be giving misleading results so she...

Accounting