The following information relates to Ivanhoe Limited's Cash account. The reconciled cash balance from June's...
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Accounting
The following information relates to Ivanhoe Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $ During the month of July, Ivanhoe recorded cash receipts of $ and cash payments of $ in the general ledger Cash account. At July Ivanhoe Limited had an reconciled cash balance of $ An examination of the company's July bank statement shows a balance of $ on July ; outstanding cheques $; deposits in transit $; EFT collections on account that were not yet recorded on the books $; NSF cheque $; NSF fee $; and bank service charges $
Prepare the necessary journal entries required on July for Ivanhoe. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date Account Titles and Explanation
July
Debit
Debit
To record EFT collections on account
To record bank service charges
To record NSF cheque and fee
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