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The bank statement for Bucs inc. shows a balance on March 31, 2021 of $31,008. The cash ledger account shows a balance of $27,550 on

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The bank statement for Bucs inc. shows a balance on March 31, 2021 of $31,008. The cash ledger account shows a balance of $27,550 on the same date. You are doing the bank reconciliation for March 2021 and you note the following: 1. Five cheques totailing $4,508 written in March and malled to suppliers had not been cashed as of March 31. 2. A cheque made out on March 11,2021 for insurance was recorded in the accounting records for $850 by mistake. The correct amount of the cheque was $650. 3. The bank charged Bucs inc. a service charge of $50 on March 31. 4. A $1,200 overnight deposit made on March 31 was not processed by the bank until the morning of April 2. Required: Prepare the bank reconciliation for Bucs Inc. at March 31,2021. BUCS INC. Bank Reconciliation March 31, 2021 Balance per bank $31008 Balance per books $ Add: cheques issued but not Add: yet cleared by bank excess value of cheque 200 booked Less: bank charges (50) Less: deposit not processed by (1200) bank Reconciled balance 31008 Reconciled balance 31008

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