The Following Information Is Available for George Company at March

Essay

The following information is available for George Company at March 31:
∙ Adjusted bank balance as of March 31 was $6,450.
∙ Outstanding checks totaled $850.
∙ A customer's check for $260 was returned due to nonsufficient funds.
∙ March's service charge was $25.
∙ The bank collected an account receivable of $1,550.
∙ A new bookkeeper made the following errors:
# 930 for Rent Expense written for $900, recorded as $90
#1207 for Office Equipment written for $8,450, recorded as $4,850.
Forgot to record a cash sale of $1,000.
∙ A deposit was shown on the bank statement as $965, when the deposit ticket was correctly totaled to be $695.
∙ Deposits made at month-end totaled $4,516; these were not shown on bank statement.
Prepare a bank reconciliation to determine:
(1)the balance per bank at March 31 before any reconciling items,
(2)the balance in the Cash account at March 31 before any reconciling items.