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a. FSA's Cash account shows a balance of $6,781.29 on March 31. b. The March 31 bank balance is $8,457.95. c. The bank statement shows

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a. FSA's Cash account shows a balance of $6,781.29 on March 31. b. The March 31 bank balance is $8,457.95. c. The bank statement shows that FSA eamed $16.38 of interest on its bank balance during March. This amount was added to FSA's bank balance. d. FSA pays utilities ($260) and insurance ($130) by EFT. The following FSA cheques did not clear the bank by March 31: Cheque No. Amount 237 $ 46.50 288 140.00 291 512.25 293 11.87 294 609.51 295 7.65 296 10230 f. The bank statement includes a donation of $790, electronically deposited to the bank DO 237 GA 46.50 288 140.00 291 512.25 293 11.87 294 609.51 295 7.65 296 102:30 f. The bank statement includes a donation of $790, electronically deposited to the bank for FSA g. The bank statement lists a 58.50 bank service charge h. On March 31, the FSA treasurer deposited $18 15, which will appear on the April bank statement. i. The bank statement includes a $320 deposit that FSA did not make. The bank added $320 to FSA's account for another company's deposit: 5. The bank statement includes two charges for returned cheques from donors. One is a $395 cheque received from a donor with the imprint "Unauthorized Signature" The other is a nonsufficient funds cheque in the amount of $68.15 received from a client Required 1. Prepare the bank reconciliation for FSA 2. Journalize the March 31 transactions needed to update FSA's Cash account Include an explanation for each entry DUK RUCOTCHILTON

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