On March $31,2014,$ Taggert Company had a cash balance per books of $$5,174\mathrm{.}20.$ The statement from Western Bank on that

date showed a balance of $$6,041\mathrm{.}40.$ A comparison of the bank statement with the cash account revealed the following facts.

The bank service charge for March was $$28.$

The bank collected a note receivable of $$2,095$ for Taggert Company on March $15.$

The March $31$ receipts of $$1,481\mathrm{.}60$ were not included in the bank deposits for March. These receipts

were deposited by the company in a night deposit vault on March $31.$

Company check No$.1245$ issued to T$.$ Gilroy, a creditor, for $$672$ that cleared the bank in March was

incorrectly entered in the cash payments journal on March $8$ for $$627.$

Checks outstanding on March $31$ totaled $$1,360\mathrm{.}00.$

On March $31$ the bank statement showed an NSF charge of $$1,033\mathrm{.}20$ for a check received by the

company from R$.$ Fross, a customer, on account.

Instructions $1.$ Prepare the bank reconciliation as of March $31.$

Prepare the necessary adjusting entries at March $31.$

Taggert Company

Bank Reconciliation

December $31,2014$

Bank: