7-2 Prepare a bank reconciliation for the farmers from the April bank statement and cash account below.

17-2 Prepare a bank reconciliation for the Farmers from the April bank statement and cash account below. Beginning Balance JE# Debits Credits Balance 4 Jan. 2 Set up farm bank account 1 $ 20,000 $ 20,000 5 Feb. 1 Income tax payment 31 $ 2,160 $ 17,840 6 Feb. 12 7 Mar. 1 Transfer from personal checking account Money borrowed to purchase land 3 6 9 10 Mar. 1 12 Mar. 31 13 Apr. 1 14 Apr. 17 Purchase of cattle tags 15 16 17 18 19 20 21 8 Mar. 1 Mar. 11 11 Mar. 10 Money borrowed to purchase tractor Purchase of land Purchase of tractor Sale of bull to neighbor Bank service charges Employee paycheck 7 sss $ 100 $ 17,940 $ 120,000 $ 137,940 $ 50,000 $ 187,940 9 11 ss $ 120,000 $ 67,940 $ 46,000 $ 21,940 10 $ 900 $ 22,840 XX $ 15 $ 22,825 26 $ 1,018 $ 21,807 22 $ 75 $ 21,732 April Bank Statement Steve and Chris Farmer 22 Beginning cash balance 23 Deposits: 24 25 Total deposits 4/1/18 26 Other credits: 27 Checks: 28 No. 1003 9 Total checks 30 Other debits: 0126 Electronic payment for payroll taxes Electronic payment for FUTA Electronic payment for SUTA 3 4 Total other debits. 5 Ending cash balance 6 7 $21,925.00 $900 $900.00 $0.00 $1,018 ($1,018.00) $ 274.00 $ 9.60 $ 27.60 ($311.20) $21,495.80