Jack Newbie, a co-op student from a local university, was working at Perfect Employer Inc. He has gathered the following information to prepare the March 31^st bank reconciliation:

1. The bank statement for March included a debit of $198 with respect to a non-sufficient-funds (NSF) cheque from Bouncer Inc.

2. At March 31^st, the following cheques were outstanding:

#136 for $897

#139 for $2,000

#142 for $163

3. On March 29, the bank collected a $2,900 note plus interest of $63 on behalf of the company.

4. Jack had made a deposit at the bank on his way home from work on March 31. The $2,008 was not on the March bank statement.

5. The bank collected $53 in March for service charges.

6. In recording a $1,700 cheque received on account from a customer, Jack had erroneously listed the collection in the cash receipts journal as $170. The cheque appeared correctly among the deposits on the March bank statement.

7. The cash balance per books of the Perfect on March 31^st before any adjustments is $14,560.

8. The bank statement shows a balance on March 31^st of $19,854.

Required

a) Prepare the necessary adjusting journal entries resulting from the above. Calculate the revised cash balance per books.