Madison Company's cash ledger reports the following for the month ending March 31.

	Date	Amount		No.	Date	Amount
Deposits:	3/4	$ 1,000	Checks:	541	3/2	$5,400
	3/11	1,800		542	3/8	600
	3/18	3,900		543	3/12	2,600
	3/25	3,900		544	3/19	1,300
Cash receipts:	3/26-3/31	2,700		545	3/27	600
				546	3/28	500
		$ 13,300		547	3/30	1,400
Balance on March 1	$ 6,200				$12,400
Receipts	13,300
Disbursements	(12,400)
Balance on March 31	$ 7,100

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 $8,529. b. Cash receipts of $2,700 from 3/26-3/31 are outstanding. c. Checks 545 and 547 are outstanding. d. The deposit on 3/11 included a customer's check for $420 that did not clear the bank (NSF check). e. Check 543 was written for $3,200 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 $1,450. g. Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $57. h. Last year, one of Madison's top executives borrowed $4,350 from Madison. On March 24, the executive paid $4,610 ($4,350 borrowed amount plus $260 interest) directly to the bank in payment for the borrowing. i. The bank charged the following service fees: $32 for NSF check, $13 for automatic withdrawal for rent payment, and $23 for collection of the loan amount from the executive.

1.Prepare a bank reconciliation for March 31.(Amounts to be deducted should be indicated with a minus sign.)