Greenview Food Store developed the following information in recording its bank statement for the month of March 20XX.
Balance per books on March 31 $ 829
Balance per bank on March 31 $ 7,030
Checks written in March but still outstanding, $5,200
Checks written in February but still outstanding, $1,200
Deposits of March 30 and 31 not yet recorded by bank, $3,100.
NSF check of customer returned by bank, $400
Check #210 for $675 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $657, for payment to a creditor.
Bank service charge for March was $31.
A payment on account was incorrectly entered into the cash payments journal and posted to the accounts payable subsidiary ledger for $854 when check #318 was correctly prepared for $584. The check cleared the bank in March.
The bank collected a note receivable for the company for $3,000 plus $80 interest.
Instructions:
Prepare bank reconciliation for the Greenview Food Store for the month of March 31, 20XX.
Journalize the adjusting entries for Greenview Food Store on March 31, 20XX.