Dentalworks Inc.s bank reconciliation dated February 28, 2024 is shown below.

Ending Balance per bank: Add: Deposits in transit

Deduct: Outstanding cheques Cheque #2895 Cheque #2897 Cheque #2898

$500 300 1,300

$24,500 1,800

(2,100) $24,200

Amount 600

750

885 2,600 1,100 50 850 1,900 225 900 1,500

Balance 24,500 26,300 25,700 24,400 24,295 23,545 25,045 25,885 25,585 22,985 21,885 22,685 21,835 20,977 20,752 19,452 19,437 19,438

Reconciling Balance The companys cash T-Account for March shows the following information:

Dentalworks Inc. Bank Reconciliation February 28

Cash

Date March 1 March 6

March 11 March 30 March 31

Comments Amount Opening balance 24,200 Deposit 1,500 Deposit 800 Deposit 2,700 Deposit 1,250

Date March 2 March 3 March 5 March 8

March 11 March 16 March 18 March 21 March 24 March 30 March 31

Comments Cheque #2899 Cheque #2900 Cheque #2901 Cheque #2902 Cheque #2903 Cheque #2904 Cheque #2905 Cheque #2906 Cheque #2907 Cheque #2908 Cheque #2909

19,090 The following comes from the companys March 2024 Bank Statement:

Date March 1 March 2 March 4 March 5 March 6 March 7 March 7 March 8 March 10 March 11 March 13 March 13 March 21 March 23 March 25 March 31 March 31 March 31

Description Withdrawals Balance Forward Deposit Cheque #2899

Deposits 1,800

Cheque #2898 EFT - Maintenance Cheque #2900 Deposit Bank Collection Cheque #2897 Cheque #2902 Cheque #2903 Deposit Cheque #2905 Cheque #2901 Cheque #2907 EFT Rent (April) Bank plan fee Interest 1

Additional Information: A The correct amount of cheque #2901 a payment of an account payable is $858. The companys bookkeeper made an error. B The bank collection was a note receivable. The note included principal of $800 and interest of $40. No previous interest accruals had been made on the note.

Required

a.) Prepare a bank reconciliation dated March 31, 2024.

b.) Record any required adjustments based on your reconciliation.