monthly payments on a student loan were set at 151.72

QS 7.11 Bank reconciliation Lo6 Your accountant has been asked to prepare the bank reconciliation for Ulimate Discs (UD), a store that sells frisbees. - You login to the online bank statement and note that the bank balance is $66,362 as at March 31. 2017. The amount of cash recorded in the accounting records (the books) is $64,800. - You go through the ondine bank statement and notice an electronic fund transfer from a customer for \$2,300. This customer had purchased goods on account. - UD eamed $48 of interest income, but was also charged a $25 service charge as the cash balance dropped below the minimum balance of $70,000 this month. - The bank notified you that one of the cheques you had deposited had insufficient funds in that customer's bank account. The cheque and bank charges are $761. Required a. Prepare a bank reconciliation at March 31, 2017. b. Prepare the necessary journal entries. 5. Monthly payments on a student loan were set at $151.72, with the first payment to be deferred for 6 months. How much was due to be paid immediately after the defertal period if interest was 6.6% compounded monthly