The March bank statement showed the following for Yap Co:

Additional information:
1. The bank statement contained three debit memoranda:
€¢ An NSF cheque of $595 that Yap had deposited was returned due to insufficient funds in the maker's bank account. This cheque was originally given to Yap by Mr. Jordan, a customer, in payment of his account. Yap believes it will be able to collect this amount from Mr. Jordan.
€¢ A bank loan payment (LN), which included $125 of interest and a $1,000 payment on the principal.
€¢ A service charge (SC) of $49 for bank services provided throughout the month.
2. The bank statement contained one credit memorandum for $23 of interest (IN) earned on the account for the month.
3. The bank made an error processing cheque #3478. No other errors were made by the bank. Yap's list of cash receipts and cash payments showed the following for March:

The bank portion of the previous month's bank reconciliation for Yap Co. at February 28, 2014, was as follows:

Instructions
(a) What is Yap Co.'s unadjusted cash balance in its general ledger on March 31?
(b) Prepare a bank reconciliation at March 31.
(c) Prepare the necessary adjusting entries at March 31. (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.)
Taking It Further
The company will prepare entries to record items found in the above bank reconciliation (see part [c] in the instructions). Describe any other follow-up actions required regarding the other reconciling items in Yap Co.'s bank reconciliation?

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42 37 92 86 11 16 74 59 14 46 16 93 68 48016 32221322 4, 2 3 2 0 0 2 8425498 21 N 34 4 3 834670147 22333 89316819 23456 34673491811 1112233 153255-1 48372 5040511 3 YAP CO Bank Reconciliation February 28, 2014 Cash balance per bank Add: Deposits in transit $12,742 2,530 15,272 Less: Outstanding cheques #3451 #3470 #3471 $2,260 1,535 845 4,640 Adjusted cash balance per bank $10,632