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	$	5,500
	3/11		1,700			542	3/8		900
	3/18		4,000			543	3/12		2,700
	3/25		3,700			544	3/19		1,300
Cash receipts:	3/26-3/31		2,100			545	3/27		300
		$	12,500			546	3/28		600
						547	3/30		1,600
Balance on March 1		$	6,400					$	12,900
Receipts			12,500
Disbursements			(12,900	)
Balance on March 31		$	6,000

Information from March's bank statement and company records reveals the following additional information:

1. The ending cash balance recorded in the bank statement is $8,041.
2. Cash receipts of $2,100 from 3/263/31 are outstanding.
3. Checks 545 and 547 are outstanding.
4. The deposit on 3/11 included a customer's check for $420 that did not clear the bank (NSF check).
5. Check 543 was written for $3,300 for office supplies in March. The bank properly recorded the check for this amount.
6. An automatic withdrawal for March rent was made on March 4 for $1,050.
7. Madison's checking account earns interest based on the average daily balance. The amount of interest earned for March is $57.
8. Last year, one of Madison's top executives borrowed $4,050 from Madison. On March 24, the executive paid $4,330 ($4,050 borrowed amount plus $280 interest) directly to the bank in payment for the borrowing.
9. The bank charged the following service fees: $36 for NSF check, $15 for automatic withdrawal for rent payment, and $25 for collection of the loan amount from the executive.

pt.2A

Journal entry worksheet

• Record the entries that increase cash.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit

pt.2 B

Journal entry worksheet

• Record the entries that decrease cash.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit