The following information for the month of March is available from Butters Cookies, Inc.'s accounting records: Balance per bank statement, March 31, 2020 $12,100 Cash balance per books, March 31, 2020 15,295 Deposit made on February 28; recorded by bank on March 3 3,600 March 31, 2016, outstanding checks: #2346 438 #2348 231 #2355 107 Bank service charge for March (not recorded yet by Butters) 54 NSF check of customer returned by bank with March statement 832 A check drawn on Moore Company was erroneously charged to Butters 275 A $347 check to a supplier in payment of account was erroneously recorded on Batters' books as $437 ? Deposit made on March 31, recorded by bank on April 3 2,900 Required: a. Prepare a March 31, 2020, bank reconciliation. b. Prepare any related adjusting entries that are necessary on March 31, 2020.
The following information for the month of March is available from Butters Cookies, Inc.'s accounting records: Balance per bank statement, March 31, 2020 $12,100 Cash balance per books, March 31, 2020 15,295 Deposit made on February 28; recorded by bank on March 3 3,600 March 31, 2016, outstanding checks: #2346 438 #2348 231 #2355 107 Bank service charge for March (not recorded yet by Butters) 54 NSF check of customer returned by bank with March statement 832 A check drawn on Moore Company was erroneously charged to Butters 275 A $347 check to a supplier in payment of account was erroneously recorded on Batters' books as $437 ? Deposit made on March 31, recorded by bank on April 3 2,900 Required: a. Prepare a March 31, 2020, bank reconciliation. b. Prepare any related adjusting entries that are necessary on March 31, 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information for the month of March is available from Butters Cookies, Inc.'s accounting records:
| Balance per bank statement, March 31, 2020 | $12,100 |
| Cash balance per books, March 31, 2020 | 15,295 |
| Deposit made on February 28; recorded by bank on March 3 | 3,600 |
| March 31, 2016, outstanding checks: | |
| #2346 | 438 |
| #2348 | 231 |
| #2355 | 107 |
| Bank service charge for March (not recorded yet by Butters) | 54 |
| NSF check of customer returned by bank with March statement | 832 |
| A check drawn on Moore Company was erroneously charged to Butters | 275 |
| A $347 check to a supplier in payment of account was erroneously recorded on Batters' books as $437 | ? |
| Deposit made on March 31, recorded by bank on April 3 | 2,900 |
| Required: | |
| a. | Prepare a March 31, 2020, bank reconciliation. |
| b. | Prepare any related |
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