Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31:

Stewart Recording Studio
Bank Reconciliation
March 31, 2020
Bank statement balance				$	21,800	Book balance	$	30,525
Add:
Deposit of March 31 in transit					9,862
				$	31,662
Deduct:
Outstanding cheques:
#14	$	822
#22		315			1,137
Adjusted bank balance				$	30,525	Adjusted book balance	$	30,525

Cash								Acct. No. 101
Date			Explanation	PR	Debit		Credit	Balance
2020
March	31		Balance					30,525
April	30			CR17	71,203			101,728
	30			CD13			90,305	11,423

A list of deposits made and cheques written during April, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below:

Deposits Made
April	7		$	687
	13			4,579
	18			5,876
	23			13,841
	27			1,745
	30			44,475
Total April Cash Receipts			$	71,203

Cheques Written
No.	23		$	5,178
	24			3,138
	25			936
	26			307
	27			4,189
	28			4,900
	29			19,419
	30			40,510
	31			409
	32			11,319
Total April Cash Disbursements			$	90,305

The following bank statement is available for April:

Bank Statement
To: Stewart Recording Studio						April 30, 2020 Bank of Canada
Cheques/Charges						Deposits/Credits			Balance
									21,800
#31	04/03		409			04/03	9,862		31,253
#28	04/07		9,400			04/07	687		22,540
#26	04/13		307			04/13	4,579		26,812
NSF	04/18		14,058			04/18	5,876		18,630
#24	04/23		3,138			04/23	13,841		29,333
#23	04/27		5,178			04/27	1,745		25,900
#29	04/30		19,419			04/30	117,000		123,481
PMT	04/30		15,726						107,755
INT	04/30		424						107,331
SC	04/30		177						107,154
NSF = Not Sufficient Funds		SC = Service Charge				PMT = Payment of Principal on the loan			INT = Interest on Bank Loan

• In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #28, for delivery expense, was recorded in the Cash Disbursements Journal correctly as $4,900.
• The NSF cheque for $14,058 was that of customer Oprah Winney, deposited in March.
• On the bank statement, the payment for $15,726 is regarding a note payable.
• There is also a deposit of $117,000 dated April 30. It is an investment made by the owner into the business (the bank transferred the funds electronically from the owners personal account to his business account, which is why it was not recorded in the Cash Receipts Journal).