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i want the answer with the formula Bell Food Store developed the following information in recording its bank statement for the month of March Balance
i want the answer with the formula
Bell Food Store developed the following information in recording its bank statement for the month of March Balance per books March 31 $ 3,664 Balance per bank statement March 31 10,900 1 Checks written in March but still outstanding $7,000. 2 Checks written in February but still outstanding $3,100. 3 Deposits of March 30 and 31 not yet recorded by bank $5,200. 4 NSF check of customer returned by bank $1,200. 5 Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $539. 6 Bank service charge for March was $50. 7 A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March. 8 The bank collected a note receivable for the company for $3,000 plus $100 interest revenue. Instructions Prepare a bank reconciliation at March 31. Solution BELL FOOD STORE Bank Reconciliation March 31,2021 Value Cash balance per bank Add Value Cash balance per books Add: Value Value Value ? Less Less Value Value Value Value Value ? ? ? ? Adjusted cash balance per books Adjusted cash balance per bank Step by Step Solution
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