PRINTER VERSION Problem 7-ZA The bank portion of last month's bank reconciliation for Sunland Ltd. at February 28 was as follows: SUNLAND LTD. Bank Reconciliation February 20 Cash balance per bank Add: Deposits in transit $17,849 3,137 20,986 Less: Outstanding cheques .3451 #3470 Reconciled cash balance $1,964 2,124 4,088 $16,898 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at February 28. The March bank statement showe following: SUNLAND LTD. Bank Statement March 31 Amounts Amounts Added Deducted from to Account Date Description Account (Debits) (Credits) Balance Feb. 28 Opening balance 17,849 Mar. 1 Cheque, No. 3451 1.964 15,885 1 Deposit 3,137 19,022 2 Cheque, No. 3470 2,124 16,898 18.882 4 Deposit ING 1,994 ne reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at February 28. The Following: Amounts Added to Account (Credits) 3,137 SUNLAND LTD. Bank Statement March 31 Amounts Deducted from Date Description Account (Debits) Feb. 28 Opening balance Mar. 1 Cheque, No. 3451 1,964 1 Deposit 2 Cheque, No. 3470 2,124 4 Deposit 9 Cheque, No. 3471 1,688 10 Returned cheque-NSF, J. Mustafa 863 10 NSF fee 35 15 EFT, loan payment 1,202 1,733 19 Cheque, No. 3472 26 Deposit 31 EFT, collection on account from M. Boudreault 89 31 Bank service charges and credit card fees 1,984 Balance 17,849 15,885 19,022 16,898 18,882 17,194 16,331 16,296 15,094 13,361 16,617 3,256 611 17,228 17,139 Sunland's cash receipts and payments for the month of March showed the following: Cash Receipts Cash Payments Number Amount PRINTER VERSION RACK RETTE 3.256 16,617 26 Deposit 31 EFT, collection on account from M. Boudreault 31 Bank service charges and credit card fees 611 17,228 89 17,139 Sunland's cash receipts and payments for the month of March showed the following: Cash Receipts Date Mar. 4 26 Amount $1,984 3,256 4,009 $9,249 Cash Payments Date Number Amount Mar. 7 3471 $1,688 15 3472 1,373 29 3473 4.890 $7.960 31 Additional information: 1. The EFT loan payment should have been recorded by the company on March 15, but this entry was missed. The payment included 583 of interest and a $1,119 payment on the loan principal 2. The bank made an error processing cheque #3472 3. The EFT collection was not previously recorded. 4. Bank service charges and credit card fees totalling $89 were not previously recorded. Calculate the cash balance per books at March 31, prior to reconciliation balance per books at March 31 $ ENG CES SHOW LIST OF ACCOUNTS PRINTER VE LINK TO TEXT What is the amount of the deposits in transit at March 317 Deposit in transit SHOW LIST OF ACCOUNTS LINK TO TEXT What is the amount of the outstanding cheques at March 317 Outstanding cheques SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the bank reconciliation at March 31. (List items that increase balance as per bank & books first.) st- PRINTER VERSION YAP LTD. Bank Reconciliation March 31 $ $ Y $ $ M Prepare any journal entries required from the reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If ne entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record EFT colections) 31 (To record bank charges and fees) 31 (To record NSF chegue and fee) 31 1104 PM de ENG (To record EFT loan payment)