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Instructions Odum Corporation's cash account showed a balance of $17,000 on March 31, 2019. The bank statement balance for the same date indicated a balance of $17,711.55. The following additional information is available concerning Odum's cash balance on March 31: Undeposited cash on hand on March 31 amounted to $724.50. A customer's NSF check for $175.80 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 $960.75 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 # Amour 429 $57.40 432 147.50 433 210.80 434 191.90 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, 2019. 2. Prepare any adjusting journal entries necessary from the bank reconciliation on March 31. CHART OF ACCOUNTS Odum Corporation General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 431 Interest Income 125 Notes Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense 211 Accounts Payable 540 Interest Expense 231 Salaries Payable 541 Depreciation Expense 250 Unearned Revenue 559 Miscellaneous Expenses 261 Income Taxes Payable 910 Income Tax Expense x Bank Reconciliation Prepare a bank reconciliation for Odum on March 31, 2019. Bank Reconciliation Instructions Odum Corporation Bank Reconciliation March 31, 2019 1 Balance from bank statement $17,000.00 2 Add: 3 4 5 6 7 Deduct: Bank Reconciliation x 8 (Label) 9 10 11 12 13 14 Adjusted cash balance 15 16 Balance from company records 17 Add: 18 19 20 21 15 16 Balance from company records 17 Add: 18 19 20 21 22 Deduct: 23 24 25 26 27 Adjusted cash balance General Journal Prepare any adjusting journal entries necessary from the bank reconciliation on March 31. General Journal Instructions PAGE 12 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2 3 4 5 6