Madison Company's cash ledger reports the following for the month ending March 31. Information from March's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $7,123. b. Cash receipts of $2,500 from 3/263/31 are outstanding. c. Checks 545 and 547 are outstanding. d. The deposit on 3/11 included a customer's check for $450 that did not clear the bank (NSF check). e. Check 543 was written for $3,300 for office supplies in March. The bank properly recorded the check for this amount. f. An automatic withdrawal for March rent was made on March 4 for $1,050. g. Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $55. h. Last year, one of Madison's top executives borrowed \$4,150 from Madison. On March 24, the executive paid $4,440 ( $4,150 borrowed amount plus $290 interest) directly to the bank in payment for the borrowing. i. The bank charged the following service fees: $31 for NSF check, $15 for automatic withdrawal for rent payment, and \$26 for collection of the loan amount from the executive. ERCISE FROM CHAPTER 4 HANDOUTIPA D Downitoad