Discuss the bank statement with the cash account revealed

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On July 31st 2017 Ivanhoo company had a cash balance per book of $6,310.00. The statement from Dakota state bank showed a balance of $7,860.80.A comparison of the bank statement with the cash account revealed the following:

1. The bank service charge for July was $18.00

2. The bank collected $ 1690.00 through electronic fund transfer

3. The July 31st receipts of $1370.30 were not included in the bank deposits for July.
4. Company check number 2480 issued to L. Taylor, a creditor, for $354,00 that cleared the bank in July was in correctly entered in the cash payment journal on July 10th for $345.00

5. Checks outstanding on July 31st totaled to $2,003.10

6. On July 31st, the bank statement showed an NSF charge of $745.00 for a check received from the company by W. Krueger a customer, on account.

Reference no: EM131759528

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