On March $31,20$X$1,$ Home Decorating Pavilion received a bank statement with an ending balance of $$10,400.$ The balance in

the firm's checkbook and Cash account on the same date was $$10,625.$ The difference between the two balances is caused

by the items listed below.

A $$3,700$ deposit made on March $30$ does not appear on the bank statement.

Check $358$ for $$625$ issued on March $29$ and Check $359$ for $$2,150$ issued on March $30$ have not yet been paid by

the bank.

A credit memorandum shows that the bank has collected a $$1,600$ note receivable and interest of $$210$ for the firm.

A service charge of $$75$ appears on the bank statement.

A debit memorandum shows an NSF check for $$575.($The check was issued by Dane Smithey, a credit customer.$)$

The firm's records indicate that Check $341$ of March $1$ was issued for $$1,500$ to pay the month's rent. However, the

canceled check and the listing on the bank statement show that the actual amount of the check was $$1,300.$

The bank made an error by deducting a check for $$660$ issued by another business from the balance of Home

Decorating Pavilion's account.

Required:

Prepare a bank reconciliation statement for the firm as of March $31,20$X$1.$

Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries March

$31,201.$

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