a. The bank erroneously cleared a $540 check against the company account in March that S....

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a. The bank erroneously cleared a $540 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $47 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $100 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $38 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. e. S. Rey notices that the check she issued for $134 on March 31, 2022, has not yet cleared the bank. f. S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022. Bank statement balance Add: Deduct: Adjusted bank balance BUSINESS SOLUTIONS Bank Reconciliation March 31, 2022 Book balance Add: Deduct: Adjusted book balance 2. Prepare any necessary entries. Use Miscellaneous Expenses, for any bank charges. Use Interest Revenue, for any interest earned on the checking account for March. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 5 Record journal entry related to the $540 check charged erroneously to Business Solutions' account, if required. Note: Enter debits before credits. Date March 31 General Journal Debit Credit a. The bank erroneously cleared a $540 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $47 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $100 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $38 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. e. S. Rey notices that the check she issued for $134 on March 31, 2022, has not yet cleared the bank. f. S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022. Bank statement balance Add: Deduct: Adjusted bank balance BUSINESS SOLUTIONS Bank Reconciliation March 31, 2022 Book balance Add: Deduct: Adjusted book balance 2. Prepare any necessary entries. Use Miscellaneous Expenses, for any bank charges. Use Interest Revenue, for any interest earned on the checking account for March. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 5 Record journal entry related to the $540 check charged erroneously to Business Solutions' account, if required. Note: Enter debits before credits. Date March 31 General Journal Debit Credit

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Answer Business Solutions Bank Reconciliation March 31 2022 Bank Statement Balance Add Outstanding ... View the full answer