Question 7 Jerry Company books showed a cash balance of $5,713 at the end of March. Its bank statement for the end of March showed $8,290. The following checks and receipts were recorded for the month of March 2018 Checks Receipts No. Amount No. Amount Amount Date 17 $472 22 $700 $600 5-Mar 18 $158 23 $598 $460 14-Mar 19 $350 24 $870 $450 23-Mar 20 $601 25 $612 $1.045 26-Mar 21 $458 In addition, the bank statement for the month of March is presented below: Checks & Debits Deposits & Credits Checks & Other Debits Deposits Date 21 $458 In addition, the bank statement for the month of March is presented below: Checks & Debits Deposits & Credits Checks & Other Debits Deposits Date No. Amount No. Amount 13 $250 20 $601 $1.500 2-Mar 14 $750 21 $458 $600 7-Mar 15 $301 24 $870 $460 16-Mar 17 $472 $15 SC $450 25-Mar $185 NSF $1,404 CM Symbols: NSF (Not Sufficient funds) SC (Service Charge) CM (Credit Memo) 1. The bank collected a customer's note of $1,300, with interest of $104. 2. The bank returned a NSF check from a customer for $185. 3. The bank statement showed a service charge of $15. 4. All outstanding checks and deposits in transit from February were cleared in March. Prepare a bank reconciliation for the month of March for Jerry: Question 8 For the previous bank reconciliation problem, prepare the correcting journal entries. Number Account Debit Credit