Prepare a tabular Analysis for adjustments July 31 on the books of Ivanhoe Compa

Question

Prepare a tabular Analysis for adjustments July 31 on the books of Ivanhoe Company. include margin explanation for the changes in revenues and expenses 2. July bank service charge not recorded by the depositor $43. 3. Cash 4. Deposits in transit, July 31, $2,860. S. $2,176 colfected for tvanhoe Company in July by the bank through electronic funds transfer. The collection has not been recorded by tvanhoe Company. 6. Outstanding checks, July 31, $691 per books, July 31, $7,524 O Type here to search

Explanation / Answer

$ 2,176 will increase cash and reduce account receivables. $ 43 will reduce cash and increase expenses.

Please check and let me know in case you face any issues.

Assets = Liabilities + Stockholder's equity Cash + Acct Rec = Liabilities + Reve - Exp 31-Jul 2176 + -2176 No Impact 31-Jul -43 + 43 Reduction

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