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Madison Company's cash ledger reports the following for the month ending March 31 Deposits: Data 3/4 3/11 3/18 3/25 3/26 3/31 Amount $ 1,500 1.600

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Madison Company's cash ledger reports the following for the month ending March 31 Deposits: Data 3/4 3/11 3/18 3/25 3/26 3/31 Amount $ 1,500 1.600 3,700 3.300 2,800 $ 13,000 No. Checks: 541 542 543 544 545 Date 3/2 3/ 3/12 3/19 3/27 Amount 55,600 500 2,800 1.900 100 Cash receipts 546 542 3/28 3/30 900 1,500 $14,000 Balance on March 1 Receipts Disbursements Dalance on March 31 $ 6,300 13,000 (14,000 $ 5,300 Information from March's bank statement and company records reveals the following additional inforpation: a. The ending cash balance recorded in the bank statement is $6,996. b. Cash receipts of $2,800 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 $430 that did not clear the bank (NSF check). e. Check 543 was written for $3,400 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 $1,100 g Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $50. h. Last year, one of Madison's top executives borrowed $4,100 from Madison On March 24, the executive paid $4,360 ($4100 borrowed amount plus $260 interest) directly to the bank in payment for the borrowing, 1. The bank charged the following service fees: $35 for NSF check, $20 for automatic withdrawal for rent payment, and $29 for collection of the loan amount from the executive. Madison Company's cash ledger reports the following for the month ending March 31 Deposits: Data 3/4 3/11 3/18 3/25 3/26 3/31 Amount $ 1,500 1.600 3,700 3.300 2,800 $ 13,000 No. Checks: 541 542 543 544 545 Date 3/2 3/ 3/12 3/19 3/27 Amount 55,600 500 2,800 1.900 100 Cash receipts 546 542 3/28 3/30 900 1,500 $14,000 Balance on March 1 Receipts Disbursements Dalance on March 31 $ 6,300 13,000 (14,000 $ 5,300 Information from March's bank statement and company records reveals the following additional inforpation: a. The ending cash balance recorded in the bank statement is $6,996. b. Cash receipts of $2,800 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 $430 that did not clear the bank (NSF check). e. Check 543 was written for $3,400 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 $1,100 g Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $50. h. Last year, one of Madison's top executives borrowed $4,100 from Madison On March 24, the executive paid $4,360 ($4100 borrowed amount plus $260 interest) directly to the bank in payment for the borrowing, 1. The bank charged the following service fees: $35 for NSF check, $20 for automatic withdrawal for rent payment, and $29 for collection of the loan amount from the executive

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