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7 O pts Exercise Seven The bank statement for Aidan Corporation shows a balance of $700 on March 31, 2022. The cash balance per books
7 O pts Exercise Seven The bank statement for Aidan Corporation shows a balance of $700 on March 31, 2022. The cash balance per books was $302 on this date. Other information: 1. Customer deposits of $720 did not yet appear on the bank statement. 2. Bank service charges for March totaled $52. 3. An NSF check for $632 was returned with the bank statement. 4. Outstanding checks at March 31 totaled $552. 5. The bank collected a $1,200 note receivable for the company on March 31, 2022 and together with interest of $50. Instructions 1. Prepare a well-formatted bank reconciliation at March 31. 2. Prepare any necessary adjusting journal entries
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