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1. Greenview Food Store developed the following information in recording its bank statement for the month of March. a. Outstanding checks total $1,380. b. Deposits
1. Greenview Food Store developed the following information in recording its bank statement for the month of March. a. Outstanding checks total $1,380. b. Deposits of March 30 and 31 not yet recorded by the bank $1,185. c. NSF check of Joe Goofy, a customer, returned by the bank $420. d. Check No. 210 for $161 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as a payment of Supplies for $116. e. Bank service charge for March was $15. f. The bank collected a note receivable for the company for $3,000 plus $200 interest revenue. Required: Complete the bank reconciliation below to include proper explanations. Greenview Food Store Bank Reconciliation March 31 Balance Per Bank Statement, March 31 $ 9,365 Add: $ Subtotal: $ Less: Adjusted Balance Per Bank, March 31 $ Balance Per Books, March 31 $ 6,450 Add: $ Subtotal: $ Less: $ Adjusted Balance Per Books, March 31 $
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