Bank Statement for March 20X5 Beginning balance Deposits and other Credits: Mar... 5. 10. $ 625 EFT 2,716 11 15 18. 544 1.655 896 367 890 25. 31. Checks and other Debits: 1,000 BC $ 441 NSF 1,465 Mar. 8. 9. 13. 14. 15. 19 22. 29. 31 31. 1,004 450 8 340 EFT 775 88 4.216 $12,188 8.693 Ending balance 25 SC (8,812) $12,069 Explanations: BC-bank collection. EFT-electronic funds transfer. NSF nonsufficient funds check, SC-service charge. Required 1. Prepare the bank reconciliation of Veralux Interiors at March 31, 20X5. 2. Describe how a bank account and the bank reconciliation help Veralux managers control the business's cash.