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Bank statement for March:
Beginning balance, March 1 $6,000
Deposits + $4,800
Checks cleared - $6,500
Service charges for March - $ 10
Collection by bank ($3,000 note) + $3,000
Ending balance, bank March 31 $7,290
Book information (General Ledger):
Ending balance, March 31 $7,050
Checks written $6,700
Deposits $5,000
Last month bank reconciliation info:
Deposits in transit $ 500
Outstanding checks $ 800
What you are expected to do:
Reconcile the cash balance per the bank statement to the cash balance on the general ledger (book).
Prepare any resulting journal entries
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