I. Bank reconciliation (8 Points) Donna Tax services Company's bank statement for the month of March showed a balance per bank of $7,175. The company's Cash account in the general ledger had a balance of $5,573 at March 31. Other information is as follows: ceipts for March 31 recorded on the company's books were $5,850 but this amount does not appear on the bank statement (2) The bank statement shows a debit memorandum for $25 for bank service charges. (3) The total amount of checks still outstanding at September 30 amounted to $4,800. Check No 148 was correctly written and paid by the bank for $408. The cash payment journal reflects an (5) The bank returned an NSF check from a customer for $340 (6) The bank included a credit memorandum for $2,670 which represents collection of a customer's note by ntry for Check No. 148 as a debit to Accounts Payable and a credit to Cash in Bank for $480. 480-1408-42 the bank for the company, principal amount of the note was $2,600 and interest was $70. Interest has not been accrued (7) The bank statement included a debit memorandum for $25.00 for the collection service on the above note (8) A personal deposit by Donna to her personal account in the amount of $300 for dividends on her General (9Two checks totaling $316 which were outstanding at the end of February, cleared in March and were returned and interest Electric common stock was credited to the company account with the March statement. Instructions (a) Prepare a bank reconciliation for Donna Tax Services Company at March 31 (b) Prepare any adjusting entries necessary as a result of the bank reconciliation