Dentalworks Inc.'s bank reconciliation dated February 28, 2017 is shown below Darbo lac Bank Reconciliane February 23 $94 500 Ending Balance pe bank Adt Deposits in test Deduct: Outstanding cheques Cheque 995 Chaqa 0897 Chaque 898 Reconciling Balance Additional Information: A - The correct amount of cheque #2901 - a payment of an account payable is $858. The company's bookkeeper made an error B - The bank collection was a note receivable. The note included principal of $800 and interest of $40. No previous interest accruals had been made on the note. Required a) Prepare a bank reconciliation dated March 31, 2017 b) Record any required adjustments based on your reconciliation IBA Institute of Business Administration Karachi Date 600 The company's cash T-Account for March shows the following information: 750 Date Amount Amount 24,200 1.500 March 1 March 6 March 11 March 30 March 31 Comments Opening balance Deposit Deposit Deposit Deposit 300 The following comes from the company's March 2017 Bank Statement: Description Withdrawals Deposits Balance March 1 Balance Forward 24.500 March 2 Depost 1.800 26,300 March 4 Cheque w2899 25,700 March Cheque #2898 1,300 24.400 March 6 EFT-Mantenance 105 24.295 March 7 Cheque W2900 23.545 March 7 Deposit 1.500 25.045 March 8 Bank Collection 840 25 S March 10 Cheque 2897 300 25.585 March 11 Cheque #2902 2.600 22985 March 13 Cheque 1903 1.100 21.935 March 13 Deposit 800 22.685 March 21 Cheque 1905 21.835 March 23 Cheque #2901 858 20.977 March 25 Cheque #2907 225 20.752 March 31 EFT - Rent (April) 1,300 19 452 March 31 Bi vlan c 19417 March 31 Interest 1 19.433 2.700 1250 March 2 March 3 March 5 March 8 March 11 March 16 March 18 March 21 March 24 March 30 March 31 2.600 1.100 Comments Cheque #2899 Cheque 2900 Cheque #2901 Cheque 100% Cheque 2903 Cheque #2904 Cheque 0905 Cheque #2906 Cheque #2907 Cheque #2908 Cheque 1909 SO 1.900 1.500 19.090 IBA Institute of Business Administration SK Karachi Leadership and Ideas for Tomorrow