At the end of March, the Elbert Company records showed a cash balance of $6,943.

When comparing the March 31 bank statement with the company’s Cash account, the company discovered that deposits in transit were $725, outstanding checks totaled $862, bank service charges were $28, and NSF checks totaled $175.

Required: (1) Compute the March 31 reconciled cash balance of the Elbert Company (2) Compute the cash balance listed on the March 31 bank statement.  TK-1