The cash general ledger account balance of gladstone ltd. was $2,531 at march 31, 2017. on this same date, the bank statement had a balance of $1,500. the following discrepancies were noted: a. a deposit of $1,000 made on march 30, 2017 was not yet recorded by the bank on the march statement. b. a customer’s cheque amounting to $700 and deposited on march 15 was returned nsf with the bank statement. c. cheque #4302 for office supplies expense, correctly made out for $125 and clearing the bank for this amount, was recorded in the company records as $152. d. $20 for march service charges were recorded on the bank statement but not in the company records. e. a cancelled cheque for $250 belonging to global corp. but charged by the bank to gladstone ltd. was included with the cancelled cheques returned by the bank. f. there were $622 of outstanding cheques at march 31. g. the bank collected a note receivable for $300 on march 31 including interest of $50. the bank charged gladstone ltd. a $10 service charge that also is not included in the company records. required: prepare a bank reconciliation and record all necessary adjusting entries at march 31, 2017.
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The cash general ledger account balance of gladstone ltd. was $2,531 at march 31, 2017. on this same...
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