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The following information was obtained from the books of Burghduff Products for the month of March: Cash Account Information: Balance on February 28 $2,223.00 Receipts

The following information was obtained from the books of Burghduff Products for the month of March:

Cash Account Information:

    

Balance on February 28

$2,223.00

Receipts

1,715.00

Payments

2,015.00

Balance on March 31

$ ??

        

Cash Receipts

Date

Amount

Mar. 4

$ 282.00

Mar. 8

187.00

Mar. 14

329.00

Mar. 20

256.00

Mar. 25

342.00

Mar. 31

319.00

          

Cash Payments

Date

Check Number

Amount

Mar. 3

415

$ 357.00

Mar. 9

416

88.00

Mar. 13

417

106.00

Mar. 18

418

$335.00

Mar. 21

419

59.00

Mar. 28

420

450.00

Mar. 29

421

250.00

Mar. 31

422

370.00

Bank Account Information:

               

Sentinel National Bank 1443 Woodlawn Avenue

In account with: Burghduff Products 1804 Oak Street

Date

Deductions

Deposits

Balance

March 1

Balance forwarded

 

$2,316.00

March 1

 

$265.00

2,581.00

March 4

$358.00

282.00

2,505.00

March 8

357.00

187.00

2,335.00

March 14

88.00

329.00

2,576.00

March 14

106.00

 

2,470.00

March 19

335.00

 

2,135.00

March 20

 

256.00

2,391.00

March 25

59.00

342.00

2,674.00

March 29

NSF 150.00

 

2,524.00

March 31

450.00

 

2,074.00

March 31

SC 45.00

 

2,029.00

Additional Information:

A. The reconciliation on February 28 included the following two items:

Outstanding check number 412

 $358

Deposit in transit

$265


B. The service charge includes a $15 fee for the nonsufficient funds check.


C. The nonsufficient funds check from Mark Edgerston was included in Burghduff Products's deposit on March 14.

Required:

Prepare the bank reconciliation for March.

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Step 1 of 3 A Calculation of closing cash balance on March 31 as per book as follows Amont 3 Balance ... blur-text-image

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