Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $67,666. The general ledger Cash account, Number 101, shows an ending cash balance per books of $68,136 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101,
reveals the following. a. The bank erroneously cleared a $490 check against the company account in March that S. Rey did not issue. The check was
actually issued by Business Systems.
b. On March 25, the bank statement lists a $44 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $106 charge for printed checks that Business Solutions ordered from the bank. Santana has
not yet recorded this expense.
d. On March 31, the bank statement lists $41 interest earned on Business Solutions's checking account for the month of March.
Santana has not yet recorded this revenue.
e. S. Rey notices that the check she issued for $129 on March 31, 2022, has not yet cleared the bank.
1. S. Rey verifies that all deposits made in March do appear on the March bank statement.
Required:
1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022.