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.
• Bank collected an account receivable of $1,550.
• A new bookkeeper had the following errors:
• 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.