1 2 Jack Newbie, a co-op student from a local university, was working at Perfect Employer Inc. He has gathered the following information to prepare the March 319 bank reconciliation: The bank statement for March included a debit of $198 with respect to a non-sufficient-funds (NSF) cheque from Bouncer ind At March 314, the following cheques were outstanding #136 for $897 #139 for $2,000 142 for $163 On March 29, the bank collected $2,900 note plus interest of $63 on behalf of the company Jack had made a deposit at the bank on his way home trom work on March 31 The $2,008 was not on the March bank statement 5 The bank collected $53 in March for service charge In recording a $1,700 cheque received on account from a customer, Jack had erroneously listed the collection in the cash receipts journal as $170. The cheque appeared correctly among the deposits on the March bank statement The cash balance per books of the Perfect on March 31" before any adjustments is $14,560. The bank statement shows a balance on March 314 of $19,854. 3 4 6 7 8 Required - a) Prepare the necessary adjusting journal entries resulting from the above. Calculate the revised cash balance per books. Prepare a bank reconciliation at March 31, b)