TB EX Qu$.4-181$ Madison Company's cash ledger reports the...

Madison Company's cash ledger reports the following for the month ending March $31.$

Information from March's bank statement and company records reveals the following additional information:

a$.$ The ending cash balance recorded in the bank statement is $$9,116.$

b$.$ Cash receipts of $$2,700$ from $\frac{3}{26}-\frac{3}{31}$ are outstanding.

c$.$ Checks $545$ and $547$ are outstanding.

d$.$ The deposit on $\frac{3}{11}$ included a customer's check for $$490$ that did not clear the bank $($NSF check$).$

e$.$ Check $543$ was written for $$3,400$ 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 $$1,050.$

g$.$ Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $$55.$

h$.$ Last year, one of Madison's top executives borrowed $$4,350$ from Madison. On March $24,$ the executive paid $$4,570($ $$4,350$

borrowed amount plus $$220$ interest$)$ directly to the bank in payment for the borrowing.

i$.$ The bank charged the following service fees: $$35$ for NSF check, $$10$ for automatic withdrawal for rent payment, and $$24$ for

collection of the loan amount from the executive.

Prepare a bank reconciliation for March $31.($Amounts to be deducted should be indicated with a minus sign.$)$