SP 6 Serial Problem Business Solutions (Algo) LO P3 Santana Rey recelves the March bank statement for Business Solutions on Apri. 11.2022 the March 3 bank sratement shows an as of March 31 (prior to any reconclition). A comparison of the bank statement with the general lecget cosh account Number 101. reveais the followng 0. The bank erroneously cleared a $550 check against the company account in Morch that $. Rey did not issue The check was actually issued by Business Systems. b. On March 25, the bank statement usts a $50 charge for a safety depostt box santana hos not yet recotded this expense. c. On March 26, the bank statement ists a $106 charge for printed checks that Business solutions ordeted from the bank. Santand has not yet recorded this expense. d. On March 31, the bank statement ists \$37 interest earned on Business Solutions's checking occount for the month or March: Santana has not yet recorded this revenue e. S. Rey notices that the check she issued for $139 on March 31, 2022, has not yet cleared the bank. i. S Rey verties that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business so utions for the month ended March 31,2022 2. Prepare ony necessory entries. Use Miscellaneous Expenses, for any bank charges Useinterest Revenue. for any interest earned on the checking account for March. Note: if no entry is required for o tronsoctionievent, select "No journal entry iequired" in the first account fleid. Prepare any necessary entres. 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 Record the journal entry for the $37 interest earned, if required. Note: Enter debits before credits. Prepore 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 fleid. Journal entry worksheet Note: Enter debits befoce credics. 2. 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 transoction/event, select "No journal entry required" In the first account fleld. Journal entry worksheet 5 Record the journal entry related to the $50 debit memorandum, if required. Note: Enter debits before credits. 2. 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 requlred for a transaction/event, select "No journal entry required" In the first account fleld. Journal entry worksheet 5 Record journal entry related to the $550 check charged erroneously to Business Solutions' account, if required. Note: Enter debits before credits. 2. 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 joumal entry required" in the first account fleld. Journal entry worksheet 5. Rey verifies that all deposits made in March do appear on the March bank statement, if required. Note: Enter debits bevore cled ts
