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 Ivanhoe reconciles its bank account at the end of every month and makes any necessary journal entries

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 Ivanhoe reconciles its bank account at the end of every month and makes any necessary journal entries. The following information was gathered from reviewing the company's bank statement for the month of January 1. 2 3) There were outstanding cheques of $12.960. The service charges on the account were $ 44 for the month. A deposit for $ 27.000 was made using the bank's night depository slot on January 31. This deposit is not reflected on the company's bank statement for January Acheque from one of Ivanhoe's customers for $ 10,584 that had been deposited during the month was returned by the bank due to the customer having Insufficient funds in their account The company's account balance at January 31 was $ 195,652 according to the bank statement 5. Prepare the bank reconciliation at January 31 2021 (List items that increase balance as per bank & books first) IVANHOE FABRICATIONS LTD. Bank Reconciliation January 31, 2011 Cashbalance perbank 195632 Outstandinu cheques 12960 182692 Bank service changes 44 OO