a. The ending cash balance recorded in the bank statement is $6,790.
b. Cash receipts of $2,100 from 3/26-3/31 are outstanding.
c. Checks 545 and 547 are outstanding.
d. The deposit on 3/11 included a customer's check for $400 that did not clear the bank (NSF
check).
e. Check 543 was written for $2,800 for office supplies in March. The bank properly recorded the check for this amount.
f. An automatic withdrawal for March rent was made on March 4 for $1,500.
g. Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $50.
h. Last year, one of Madison's top executives borrowed $4,000 from Madison. On March 24, the executive paid $4,200 ($4,000 borrowed amount plus $200 interest) directly to the bank in payment for the borrowing.
i. The bank charged the following service fees: $30 for NSF check, $10 for automatic withdrawal for rent payment, and $20 for collection of the loan amount from the executive.
Prepare a bank reconciliation for March 31, 2012, and record the necessary cash adjustments.

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Date Amount No. Date Amount Deposits: 3/4 $1,200 Checks: 541 3/2 $5,100 3/11 1,200 542 3/8 800 3/18 3,700 543 3/12 2,200 3/25 3,400 544 3/19 1,100 Cash receipts 3/26-3/31 2,100 545 3/27 200 $11,600 546 3/28 600 547 3/30 1,300 Balance on March 1 $ 5,400 $11,300 Receipts 11,600 Disbursements Balance on March 31 (11,300) $ 5,700 Date Amount No. Date Amount Deposits: 3/4 $1,200 Checks: 541 3/2 $5,100 3/11 1,200 542 3/8 800 3/18 3,700 543 3/12 2,200 3/25 3,400 544 3/19 1,100 Cash receipts 3/26-3/31 2,100 545 3/27 200 $11,600 546 3/28 600 547 3/30 1,300 Balance on March 1 $ 5,400 $11,300 Receipts 11,600 Disbursements Balance on March 31 (11,300) $ 5,700