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HORNGREN'S ACCOUNTING - Eleventh EditionChapter 8: Internal Control and CashPage 1 of 6P8-33Requirements1.Prepare the March bank reconciliation.2.Solution:Requirement 1DANIELS CONSULTINGBank ReconciliationMarch 31, 2017BANKBOOKBalance, March 31, 2017$49,123 Balance, March 31, 2017$51,670 ADD:ADD:No. 210$ 190 85 No. 211500 690 7. Service Charge13 132 Adjusted Bank Balance$52,113 Adjusted Bank Balance$52,113 Journalize any transactions required from the bank reconciliation. Compute the adjusted account balance for the Cash T-account, and denote the balance as End. Bal.
HORNGREN'S ACCOUNTING - Eleventh EditionChapter 8: Internal Control and CashPage 2 of 6Requirement 2DateAccounts and ExplanationDebitCredit3. Mar. 31Cash550 Accounts Receivable550 To record account recevable from Hip Hop4. Mar. 31Cash25 Interest Revenue25 To record interest earned on bank balance5. Mar. 31Office Supplies34 Cash34