P8-33 Preparing a bank reconciliation and journal entries This problem continues the Davis Consulting situation from Problem P7-33 of Chapter 7. Davis?s March Cash T-account from its general ledger is as follows: Cash Feb 28 Bal 23,115 4,300 March 1 (ck. 207) Mar. 6 Bal 2,930 825 March 14 (ck. 208) Mar. 13 Bal 2,800 1,455 March 14 (ck. 209) Mar. 20 Bal 4,800 190 March 28 (ck. 210) Mar. 27 Bal 3,690 550 March 30 (ck. 211) Mar. 31 Bal 30,015 Davis?s bank statement dated March 31, 2015, follows: Bank Statement for March 2015 Beginning Balance February 28, 2015 $23,510 Deposits and other Credits: Mar. 1 $700 Mar. 8 $2,930 Mar. 14 $2,800 Mar. 20 EFT Hip Hop Hats-a customer $400 Mar. 22 $4,800 Mar. 28 Interest credit $22 $11,652 Checks and other Debits: Mar. 2 EFT to Paper Products $9 Mar. 2 ck# 206 $1,095 Mar. 18 ck# 207 $$4,300 Mar. 19 ck#209 $1,455 Mar. 28 EFT to The Cable Co. $85 Mar. 28 ck# 208 $825 Bank Service Charge $18 (7,787) Ending Balance, March 31, 2015 $27,375 Requirements 1. Prepare the March bank reconciliation. 2. Journalize any transactions required from the bank reconciliation. Compute the adjusted account

DAVIS CONSULTING Bank Reconciliation March 31, 2015 BANK Balance, March 31, 2015 ADD: Deposit in transit BOOK Balance, March 31, 2015 ADD: EFT collection from Hip Hop Interest revenue LESS: LESS: Outstanding checks EFT payment to Paper Products Check No. EFT payment to The Cable Co. Service charge Adjusted bank balance, March 31, 2015 Adjusted book balance, March 31, 2015 Remember to put in the check numbers for outstanding checks Remember; after doing the math the: Adjusted bank balance, March 31, 2015 and Adjusted book balance, March 31, 2015 should be the same. Date Accounts and Explanation Debit Credit Mar. 31 Available accounts for journal entries: Cash Accounts Receivable Cash Interest Revenue Office Supplies Cash Utilities Expense Cash Bank Expense Cash Mar. 31 Mar. 31 Mar. 31 Mar. 31 Remember to put the journal entry transactions in this T account Cash Mar. 31 Bal Mar. 31 Mar. 31 Mar. 31 End. Bal 30,015 Mar. 31 Mar. 31 Mar. 31