Cheques written in March but still outstanding $10,800. 2. Deposits of March 30 and 31 not yet recorded by bank $5,200. 3. NSF cheque of customer returned by bank $745. 4. Bank service charge for March was $50. 5. A payment on account was incorrectly entered in the general journal for $824 when Cheque No. 318 was correctly prepared for $284. The cheque cleared the bank in March. Required: a) Prepare a bank reconciliation at March 31, 2027. b) Prepare any adjusting entries necessary as a result of the bank reconciliation.

Answer rating: 100% (QA)

Bank Reconciliation Statement March 31 2027 1 Book Balance Cash per books 10800 2 Adjustments ... View the full answer