Odum Corporations cash account showed a balance of $17,198 on March 31, 2016. The bank statement balance for the same date indicated a balance of $17,924.55. The following additional information is available concerning Odums cash balance on March 31:

	Undeposited cash on hand on March 31 amounted to $724.50.
	A customers NSF check for $173.80 was returned with the bank statement.
	A note for $2,000 plus interest of $25 was collected for Odum by the bank during March. The bank notified Odum of this collection on the bank statement.
	The bank service charge for March was $15.
	A deposit of $951.75 mailed to the bank on March 31 did not appear on the bank statement.

The following checks mailed to creditors had not been processed by the bank on March 31:

Check #	Amount
429	$57.40
432	147.50
433	214.80
434	191.90

A customer check for $149.50 in payment of his account and listed correctly for that amount on the bank statement had been incorrectly recorded on the accounting records as $194.50.

	Required:
1.	Prepare a bank reconciliation for Odum on March 31, 2016.
2.	Prepare any adjusting journal entries necessary from the bank reconciliation on March 31.

Labels
Outstanding checks
Amount Descriptions
ck429
ck432
ck433
ck434
Adjusted cash balance
Bank service charge (Miscellaneous expense)
Check incorrectly recorded
Deposit in transit
Interest on note
Note collected by bank
Returned NSF check
Undeposited cash