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,Year 1.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 cheque from a customer for $210,and a $650 debit memo for the payment of the company's utility bill.All of the cheques that the company had written during March were listed on the bank statement except for cheque #2156 in the amount of $345.
Prepare a bank reconciliation to calculate the company's adjusted cash balance at March 31,Year 1.