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				$	22,400	Book balance	$	31,365
Add:
Deposit of March 31 in transit					10,135
				$	32,535
Deduct:
Outstanding cheques:
#14	$	849
#22		321			1,170
Adjusted bank balance				$	31,365	Adjusted book balance	$	31,365

Cash								Acct. No. 101
Date			Explanation	PR	Debit		Credit	Balance
2020
March	31		Balance					31,365
April	30			CR17	72,406			103,771
	30			CD13			93,656	10,115

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		$	699
	13			4,660
	18			5,978
	23			14,083
	27			1,774
	30			45,212
Total April Cash Receipts			$	72,406

Cheques Written
No.	23		$	5,269
	24			3,192
	25			952
	26			319
	27			4,353
	28			4,900
	29			20,194
	30			42,320
	31			424
	32			11,733
Total April Cash Disbursements			$	93,656

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
									22,400
#31	04/03		424			04/03	10,135		32,111
#28	04/07		9,400			04/07	699		23,410
#26	04/13		319			04/13	4,660		27,751
NSF	04/18		14,611			04/18	5,978		19,118
#24	04/23		3,192			04/23	14,083		30,009
#23	04/27		5,269			04/27	1,774		26,514
#29	04/30		20,194			04/30	123,000		129,320
PMT	04/30		16,356						112,964
INT	04/30		594						112,370
SC	04/30		181						112,189
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 $14,611 was that of customer Oprah Winney, deposited in March.
• On the bank statement, the payment for $16,356 is regarding a note payable.
• There is also a deposit of $123,000 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).

Required: a. Prepare a bank reconciliation for Stewart Recording Studio at April 30.

Journal entry worksheet