The following information is from the books of Sun Bright Solar Company for the month of March.

 Cash Receipts Journal

Date                            Cash Received

March 1………………. $ 50,000

3……………….……...  98,000

10…………………......  125,000

14……………………..  6,000

19……………………..  9,400

28……………………..  125,000

30……………………..    15,000

Cash Disbursements Journal

Check Number                      Cash Payment

1133……………………..                      $ 45,000

1134……………………..                         16,000

1135……………………..                         27,500

1136……………………..                           4,000

1137……………………..                              150

1138……………………..                              100

1139……………………..                         65,000

The balance in Sun Bright Solar’s cash account on March 31 is $ 313,850. Sun Bright Solar received the following bank statement from Jefferson Street Bank for the month of March:

Prepare the bank reconciliation for Sun Bright Solar by determining the correct balances for both book and bank. Record all journal entries required to correct Sun Bright Solar’s cash balance.

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Jefferson Street Bank Checking Account Account Activity Summary $ 43,200 Beginning balance Deposits and Other Additions Deposits March 1 10 14 19 29 $50,000 98,000 125,000 6,000 9,400 125,000 320 Interest eamed this statement period 413,720 Checks Written and Other Subtractions Checks 1133 1134 1136 1137 1138 $45,000 16,000 4,000 150 100 Monthly Service Charge 50 65,300 Ending Balance on March 31 $391.620