The Cash general ledger account balance of Gladstone Ltd. was $2,531 at 
March 31, 2019. On this same date, the bank statement had a balance of 
$1,500. The following discrepancies were noted: 
 
a.  A deposit of $1,000 made on March 30, 2019 was not yet recorded by the 
bank on the March statement. 
b.  A customer’s cheque amounting to $700 and deposited on March 15 was 
returned NSF with the bank statement. 
c.  Cheque #4302 for office supplies expense, correctly made out for $125 
and clearing the bank for this amount, was recorded in the company 
records as $152. 
d.  $20 for March service charges were recorded on the bank statement but 
not in the company records. 
e.  A cancelled cheque for $250 belonging to Global Corp. but charged by the 
bank to Gladstone Ltd. was included with the cancelled cheques returned 
by the bank. 
f. There were $622 of outstanding cheques at March 31.n 
g.  The bank collected a note receivable for $300 on March 31 including 
interest of $50. The bank charged Gladstone Ltd. a $10 service charge 
that also is not included in the company records. 
 
Required: Prepare a bank reconciliation and record all necessary adjusting 
entries at March 31, 2019.