The Accounting Records for Durden Rentals Shows a Cash Balance

Essay

The accounting records for Durden Rentals shows a cash balance of $13,676 on March 31, 2013. On the evening of March 31, company receipts of $3,250 were placed in the bank's night deposit drop box; this deposit was processed by the bank on April 1. The March 31 bank statement shows balance of $9,866, including a service charge of $45, an NSF check from a customer for $210, and a $650 debit memo for the payment of the company's utility bill. All of the checks that the company had written during March were listed on the bank statement except for check #2156 in the amount of $345.
Prepare a bank reconciliation to calculate the company's adjusted cash balance at March 31, 2013.