The bank statement for Walking Fashion Inc. had an ending cash balance of $1,920 on March 31, 2013. On this date the cash balance in their general ledger was $2,310. After comparing the bank statement with the company records, the following information was determined:

1) The bank returned an NSF check in the amount of $281 that Walking Fashion Inc. deposited on March 20th. 2) Direct deposit received from a customer on March 30th in payment of their accounts totaling $4,000. This has not yet been recorded by the company. 3) On March 30th the bank deposited $19 for interest earned. 4) The bank withdrew $28 for bank service charges. 5) Deposits in transit on March 31 totaled $4,100. Required Reconcile the ledger and bank statement and create the required journal entries. Do not enter dollar signs or commas in the input boxes. Use the negative sign for values that must be subtracted.

Walking Fashion Inc. Bank Reconciliation March 31, 2013
	Ledger	Bank
Balance as per records	Answer	Answer
NSF check, Mar 20	Answer	Answer
Unrecorded deposit, Mar 30	Answer	Answer
Interest Earned, Mar 30	Answer	Answer
Bank Charges	Answer	Answer
Outstanding Deposit, Mar 31	Answer	Answer
Reconciled Balance	Answer	Answer

Reference	Account Title and Explanation	DR	CR
Mar 31	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Record NSF check

Reference	Account Title and Explanation	DR	CR
Mar 31	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Collected outstanding accounts receivable

Reference	Account Title and Explanation	DR	CR
Mar 31	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Record interest earned

Reference	Account Title and Explanation	DR	CR
Mar 31	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseBank Charges ExpenseCashCommon stocksCost of Goods SoldInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueInventoryNotes PayablePrepaid RentPrepaid ServicesProperty, Plant & EquipmentRent ExpenseSalaries ExpenseSales DiscountSales Returns & AllowancesSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	Record bank charges