Schuster office products developed the following information in recording its bank statement for the month of March.

Balance per cash ledger April 30 $12,020

Balance per bank statement April 30 $11,800

(1) Checks written in March and April but are still outstanding

#555 1600

#567 800

#571 1,000

(2) The bank collected a note receivable for the company for $4,000 plus $150 interest revenue.

(3) Deposits of March 30 and 31 not yet recorded by bank totaling $7,500.

(4) NSF check of customer returned by bank $230.

(5) Bank service charge for March was $40.

Instructions: 1. Perform a reconciliation between Schusters books and the bank statement.

2. Perform the appropriate journal entries using the information supplied by the bank statement. Use the template provided in the instructions.

(12 points)