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 $$68,366.$ The general ledger Cash account, Number $101,$ shows an ending cash balance per books of $$68,935$ 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.

The bank erroneously cleared a $$580$ check against the company account in March that S$.$ Rey did not issue. The check was actually issued by Business Systems.

On March $25,$ the bank statement lists a $$60$ charge for a safety deposit box. Santana has not yet recorded this expense.

On March $26,$ the bank statement lists a $$102$ charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense.

On March $31,$ the bank statement lists $$45$ interest earned on Business Solutions$$s checking account for the month of March. Santana has not yet recorded this revenue.

S$.$ Rey notices that the check she issued for $$128$ on March $31,2022,$ has not yet cleared the bank.

S$.$ Rey verifies that all deposits made in March do appear on the March bank statement.

Required:

Prepare a bank reconciliation for Business Solutions for the month ended March $31,2022.$

BUSINESS SOLUTIONS

Bank Reconciliation

March $31,2022$

Bank statement balance Book balance

Add: Add:

$00$

$$0$ $$0$

Deduct: Deduct:

$00$

Adjusted bank balance $$0$ Adjusted book balance $$0$

Record journal entry related to the $$580$ check charged erroneously to Business Solutions' account, if required.

Record the journal entry related to the $$60$ debit memorandum, if required.

Record the journal entry related to the $$102$ debit memorandum for p

S$.$ Rey verifies that all deposits made in March do appear on the March bank statement, if required.