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On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,810. The balance in the firm's checkbook and Cash account

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On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,810. The balance in the firm's checkbook and Cash account on the same date was $10,276. The difference between the two balances is caused by the items listed below.

  1. A $2,935 deposit made on March 30 does not appear on the bank statement.
  2. Check 358 for $515 issued on March 29 and Check 359 for $1,710 issued on March 30 have not yet been paid by the bank.
  3. A credit memorandum shows that the bank has collected a $1,200 note receivable and interest of $120 for the firm.
  4. A service charge of $31 appears on the bank statement.
  5. A debit memorandum shows an NSF check for $555. (The check was issued by Dane Jaris, a credit customer.)
  6. The firm's records indicate that Check 341 of March 1 was issued for $900 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 $800.
  7. The bank made an error by deducting a check for $590 issued by another business from the balance of Home Decorating Pavilion's account.

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Di Stefano Office Supply Company received a bank statement showing a balance of $67,755 as of March 31, 2019. The firm's records showed a book balance of $69,457 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $45, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,450. 3. A check for $243 issued by another firm that was mistakenly charged to Di Stefano's account. 4. A debit memorandum for an NSF check of $6,110 issued by Wozniak Construction Company, a credit customer. 5. Outstanding checks: Check 3782 for $1,950; Check 3840 for $146. 6. A credit memorandum for a $6,050 noninterest-bearing note receivable that the bank collected for the firm. Prepare a bank reconciliation statement for the firm as of March 31. Prepare the necessary journal entries for March 31, 2019 from the statement. Complete this question by entering your answers in the tabs below.Prepare a bank reconciliation statement for the firm as of March 31. DI STEFANO OFFICE SUPPLY COMPANY Bank Reconciliation Statement March 31, 2019 Balance on bank statement Additions: Deductions: Total deductions Adjusted bank balance Balance In books Additions:Deductions: Total deductions Adjusted bank balance Balance in books Additions: Deductions: Adjusted book balance Prepare the necessary journal entries for March 31, 2019 from the statement. (If no entry is requ ""No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the bank collection fee. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record entry Clear entry View general journalPrepare the necessary journal entries for March 31, 2019 from the statement. (If no entry is requ "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 4 5 6 Record the deposit in transit. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record entry Clear entry View general journalPrepare the necessary journal entries for March 31, 2019 from the statement. (If no entry is requ "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 5 6 Record the check incorrectly charged. Note: Enter debits before credits, Date General Journal Debit Credit Mar 31, 2019 Record entry Clear entry View general journalPrepare the necessary journal entries for March 31, 2019 from the statement. (If no entry is requ "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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