(Answered) Question - the following information regarding cash for

Accounting

Question - The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:

Item Amount

Ending Cash per Bank Statement $22,484

Note collected by bank included interest of $106 $5,106

Bank Service Charges $35

Deposits in Transit $1,776

Outstanding Cheques $4,717

Customer Cheque returned NSF $322

A review of the bank statement reflected that cheque #224 recorded in the company cheque register as $1,725 to settle an accounts payable, was paid by the bank for the amount of $1,275. Use this information to prepare the compound General Journal entry (without explanation) for March 31, 2016, to cause the company books to match the adjusted cash balance based on the completed bank reconciliation. If no entry is required then write "No Entry Required."

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