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				$	22,700	Book balance	$	31,785
Add:
Deposit of March 31 in transit					10,270
				$	32,970
Deduct:
Outstanding cheques:
#14	$	858
#22		327			1,185
Adjusted bank balance				$	31,785	Adjusted book balance	$	31,785

Cash								Acct. No. 101
Date			Explanation	PR	Debit		Credit	Balance
2020
March	31		Balance					31,785
April	30			CR17	73,372			105,157
	30			CD13			96,140	9,017

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		$	708
	13			4,720
	18			6,056
	23			14,266
	27			1,798
	30			45,824
Total April Cash Receipts			$	73,372

Cheques Written
No.	23		$	5,338
	24			3,234
	25			964
	26			328
	27			4,476
	28			4,900
	29			20,758
	30			43,640
	31			436
	32			12,066
Total April Cash Disbursements			$	96,140

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
									22,700
#31	04/03		436			04/03	10,270		32,534
#28	04/07		9,400			04/07	708		23,842
#26	04/13		328			04/13	4,720		28,234
NSF	04/18		15,022			04/18	6,056		19,268
#24	04/23		3,234			04/23	14,266		30,300
#23	04/27		5,338			04/27	1,798		26,760
#29	04/30		20,758			04/30	126,000		132,002
PMT	04/30		16,812						115,190
INT	04/30		738						114,452
SC	04/30		187						114,265
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 $15,022 was that of customer Oprah Winney, deposited in March.
• On the bank statement, the payment for $16,812 is regarding a note payable.
• There is also a deposit of $126,000 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).