The bank portion of last month's bank reconciliation for Sheridan Ltd. at February 28 was as follows: SHERIDAN LTD. Bank Reconciliation February 28 Cash balance per bank Add: Deposits in transit $17,864 3,164 21,028 Less: Outstanding cheques #3451 #3470 Reconciled cash balance $1,967 2,137 4,104 $16,924 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at February 28. The March bank statement showed the following: SHERIDAN LTD. Bank Statement March 31 Amounts Amounts Added Deducted from to Account Date Description Account (Debits) (Credits) Balance Feb. 28 Opening balance 17,864 Mar. 1 Cheque, No. 3451 1,967 15,897 1 Deposit 3,164 19,061 2 Cheque, No. 3470 2,137 16,924 4 Deposit 1,984 18,908 9 Cheque, No. 3471 1.679 17,229 10 Returned cheque-NSF, J. Mustafa 869 16,360 10 NSF fee 35 16,325 15 EFT, loan payment 1,216 15,109 19 Cheque, No. 3472 1,843 13,266 26 Deposit 3,251 16,517 31 EFT, collection on account from M. Boudreault 611 17.128 31 Bank service charges and credit card fees 88 17,040 Sheridan's cash receipts and payments for the month of March showed the following: Cash Receipts Date Amount Mar. 4 $1,984 26 3,251 31 4,021 $9,256 Cash Payments Date Number Amount Mar. 7 3471 $1,679 15 3472 1,483 29 3473 4,950 $8,112 Additional information: 1. The EFT loan payment should have been recorded by the company on March 15, but this entry was missed. The payment included $84 of interest and a $1,132 payment on the loan principal. 2. The bank made an error processing cheque #3472. 3. The EFT collection was not previously recorded. 4. Bank service charges and credit card fees totalling $88 were not previously recorded. (a) Your answer is incorrect. Calculate the cash balance per books at March 31, prior to reconciliation. Caash balance per books at March 31 $ 18,361