On the answer for Bell Food Store, shouldn't the Adjusted Cash Balance per bank equal the Adjusted Cash Balance per books?

Here is the original posting: Bell Food Store developed the following information in recording its bank statement for the month of March. Prepare a bank reconciliation at March 31. Prepare the necessary journal entries after the reconciliation.

There is an answer, but the adjusted cash balance per bank does not equal the adjusted cash balance per books. My question is, shouldn't they equal?

Balance per books March 31	$3,664
Balance per bank statement March 31	$10,900

Cash Balance per Books March 31: $3,664 Cash Balance per Bank March 31: $10,900

(1)	Checks written in March but still outstanding $7,000.
(2)	Checks written in February but still outstanding $3,100.
(3)	Deposits of March 30 and 31 not yet recorded by bank $5,200.
(4)	NSF check of customer returned by bank $1,200.
(5)	Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $539.
(6)	Bank service charge for March was $50.
(7)	A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March.
(8)	The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.

BELL FOOD STORE
Bank Reconciliation March 31
Cash Balance per Bank, March 31					Cash Balance per Books, March 31
Add:					Add:
Less:					Less:
Adjusted Cash Balance per Bank, March 31					Adjusted Cash Balance per Books, March 31

Expert Answer

• anushag answered this

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  Bell Food Store

  Bank Reconciliation, March 31

  	$	$			$	$
  Cash Balance as per Bank, March 31		10,900		Cash Balance as per books, March 31		3,664
  Add:				Add:
  Deposits in transit	5,200			Checks outstanding ( 7,000 + 3,100)	10,100
  NSF check	1,200			Error in recording payment	540
  Error in recording check in cash journal	54			Note directly collected by bank	3,100	13,740
  Bank service charge	50	6,504
  		17,404				17,404
  Less:
  Checks outstanding	10,100			Less:
  Error in cash journal in recording payment	540			Deposits in transit	5,200
  Note Directly collected by bank	3,100			NSF check	1,200
  		13,740		Error in recording check	54
  				Bank service charge	50	(6,504)
  Adjusted cash balance as per bank, March 31		3,664		Adjusted cash balance as per books, March 31		10,900