On February 28, 2021, Burrow Ltd. had a cash balance per books of $20,450. During March, Burrow recorded cash collections (deposits) of $16,270 and cash payments (cheques) of $17,750. The bank statement showed a balance of $22,230 on March 31. A review of the bank statement in conjunction with the company's cash account revealed the following: 1. A deposit of $7,500 into the bank account on March 10, 2021 was correctly recorded by the company, but incorrectly recorded by the bank as $5,700. 2. The Burrow Ltd. bookkeeper found three cheques that the company issued in March, 2021 that did not appear on the March 31, 2021 bank statement. These three cheques totaled $4,900. In addition, one cheque listed as outstanding on the February 28, 2021 bank statement, in the amount of $500, also did not appear on the March 31 bank statement 3. It was discovered that cheque #4163 for $6,370 was recorded incorrectly by the company as $6,730. The cheque was for payment of utilities 4. The March 31, 2021 bank statement showed a returned (NSF) cheque of $1,200 from Discer Ltd. In addition the bank charged a $50 processing fee for the NSF cheque. 5. An EFT deposit from Auger Ltd. of $600 appeared on the bank statement on March 30, 2021. The bookkeeper was not aware of this until he saw the bank statement 6. Bank service charges amounted to $50 for the month. Required 1. Prepare the bank reconciliation for Burrow Ltd. at March 31, 2021. (6 marks) 2. Prepare any adjusting journal entries that result from the bank reconciliation