The March bank statement showed the following for Carla Vista Co.: CARLA VISTA CO. Bank Statement March 31, 2021 Cheques and Other Debits Number Amount Deposits Date Amount Feb. 28 $12,708 Mar. 3 3470 $1,508 $2,508 13.708 4 3471 826 12.882 ON 3472 1,408 1,208 12,682 7 3473 265 12.417 10 NSF 559 11.858 11 3475 468 1,728 13.118 14 3477 908 12,210 17 3476 1,80B 2,268 12,670 20 1,818 14.488 21 3474 2,318 12,170 26 3478 1,090 2.778 13,858 31 LN 1.130 12,728 31 3480 1,658 11.070 31 SC 47 IN 24 11.047 Additional information: 1. The bank statement contained three debit memoranda: An NSF cheque of $559 that Carla Vista had deposited was returned due to insufficient funds in the maker's bank account. This cheque was originally given to Carla Vista by Mr. Jordan, a customer, in payment of his account Carla Vista believes it will be able to collect this amount from Mr Jordan A bank loan payment (LN), which included $130 of interest and a $1,000 payment on the principal. (Hint: Use Notes Payable.) A service charge (SC) of 547 for bank services provided throughout the month The benk statement contained one credit memorandum for $24 of interest (IN) earned on the account for the month. The bank made an error processing cheque #3478. No other errors were made by the bank 2. 3. Carla Vista's unadjusted cash balance perits general ledger on March 31 is $8.558. Carla Vista's list of cash receipts and cash payments showed the following for March: Cash Receipts Date Amount Mar. 5 $1,208 10 1,728 14 2.268 20 1,818 25 2.787 31 1.018 Total $10.827 Date Cash Payments Cheque No. 3472 Amount Mar. 3 $1,408 4 3473 625 6 3474 2,318 7 3475 468 13 3476 1.808 14 3477 908 19 3478 1.590 21 3479 149 28 3480 1,658 31 3481 853 31 3482 1.118 Total $12,903 The bank portion of the previous month's bank reconciliation for Carla Vista Co. at February 28, 2021. was as follows: CARLA VISTA CO. Bank Reconciliation February 28, 2021 Cash balance per bank Add: Deposits in transit $12.708 2.508 15,216 Less: Outstanding cheques #3451 $2,248 #3470 1.508 #3471 826 4.582 Adjusted cash balance per bank $10,634 CARLA VITA D. Das Besonder March 9, 2015 > > > > > E > > > > Prepare the necessary adjusting entries at March 31. (Note: The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Mar. Debit Credit 31 (To correct error in recording cheque issued and to record interest earned) Mar. 31 > (To record NSF cheque and other cash payments)
