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Santana Rey receives the March bank statement for Business Solutions on April 11,2022 . The March 31 bank statement shows an ending cash balance of
Santana Rey receives the March bank statement for Business Solutions on April 11,2022 . The March 31 bank statement shows an ending cash balance of $67,266. The general ledger Cash account, Number 101 , shows an ending cash balance per books of $67,810 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101, reveals the following. a. The bank erroneously cleared a $550 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25 , the bank statement lists a $50 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $112 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. d. On March 31, the bank statement lists $42 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. e. S. Rey notices that the check she issued for $126 on March 31, 2022, has not yet cleared the bank. f. S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022 . Prepare any necessary entries. Use Miscellaneous Expenses, for any bank charges. Use Interest Revenue, for any interest earned on the checking account for March. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 45 Record journal entry related to the $550 check charged erroneously to Business Solutions' account, if required. Note: Enter debits before credits. Journal entry worksheet 5 Record the journal entry related to the $50 debit memorandum, if required. Note: Enter debits before credits. Journal entry worksheet Record the journal entry related to the $112 debit memorandum for printed checks, if required. Note: Enter debits before credits. Journal entry worksheet Record the journal entry for the $42 interest earned, if required. Note: Enter debits before credits. Journal entry worksheet S. Rey verifies that all deposits made in March do appear on the March bank statement, if required. Note: Enter debits before credits
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