This problem continues the Canyon Canoe Company situation from Chapter F:6.
Canyon Canoe Company has decided to open a new checking account at River Nations Bank during March 2025. Canyon Canoe Company’s March Cash T-account for the new cash account from its general ledger is as follows

Requirements

1. Prepare the bank reconciliation at March 31, 2025.
2. Journalize any transactions required from the bank reconciliation.
3. Compute the adjusted account balance for the Cash T-account and denote the balance as End. Bal. Does the adjusted balance of the Cash T-account match the adjusted book balance on the bank reconciliation?

Transcribed Image Text:

Cash River Nations Bank Checking Account 0 Mar. 1 Balance 2 Deposit 13 Deposit 20 Deposit 27 Deposit 4,500 31 Deposit 3,490 Balance 10,000 2,325 2,750 14,165 Beginning Balance, March 1, 2025 Deposits and other credits: Mar. 2 14 21 28 29 EFT Sport Shirts(1) 31 Interest Revenue 6 Ck#102 15 Ck#104 Checks and other debits: Mar. 2 EFT to Bank Checks (2) 3 Ck #101 Canyon Canoe Company's bank statement dated March 31, 2025, follows: 16 Ck#103 28 EFT to Rivers Energy (3) 29 Ck#106 200 Mar. 2 4 31 Bank service charge Ending balance, March 31, 2025 4,300 750 1,675 1,500 175 300 $10,000 2,325 2,750 4,500 500 45 55 200 9 4,300 1,675 750 270 175 70 Ck#101 Ck#102 Ck#103 14 Ck#104 21 Ck#105 28 CK#106 30 Ck#107 $ 0 20,120 (7,495) $ 12,625