ew of the March 30 bank statement and other data of Sheridan Aviation revealed a $18,484 balance at March 31 on the bank statement and $18,158 as the balance in the cash account in the company’s ledger. In addition, the following information was determined: 1. NSF Check from J. Beiber in payment of account $196 2. Collection of a customer electronic payment by the bank $2,508. 3. Deposits in transit at March 31 $3,322. 4. Outstanding checks at March 31 $1,987. 5. A check written by Sheridan to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the ban
A review of the March 30 bank statement and other data of Sheridan Aviation revealed a $18,484 balance at March 31 on the bank statement and $18,158 as the balance in the cash account in the company’s ledger. In addition, the following information was determined:
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1. |
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NSF Check from J. Beiber in payment of account $196 |
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2. |
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Collection of a customer electronic payment by the bank $2,508. |
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3. |
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Deposits in transit at March 31 $3,322. |
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4. |
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Outstanding checks at March 31 $1,987. |
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5. |
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A check written by Sheridan to Copytronics for a copy machine repair on March 13 was recorded at $1,320 but correctly cleared the bank at $1,230. |
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6. |
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A check drawn on the account of Halen Electronics for $741 was mistakenly charged against Sheridan’s account by the bank. |
(a)
As of March 31, prepare the bank reconciliation for the month of March (omit heading)
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