On March 31, 20X1. Home Decorating Pavilion received a bank statement showing a balance of $9.650. The balance in the firm's checkbook and Cash account on the same date was $10,130. The difference between the two balances is caused by the items listed below. a. A $2.775 deposit made on March 30 does not appear on the bank statement b. Check 358 for $435 issued on March 29 and Check 359 for $1550 Issued on March 30 have not yet been paid by the bank. c. Acredit memorandum shows that the bank has collected a $1,100 note receivable and interest of $110 for the firm. d. A service charge of $15 appears on the bank statement e. A debit memorandum shows an NSF check for $475. (The check was issued by Dane Jaris, a credit customer) The firm's records indicate that Check 341 of March 1 was issued for $700 to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of the check was $600, g. The bank made an error by deducting a check for $510 issued by another business from the balance of Home Decorating Pavillon's account 1 Required: 1. Prepare a bank reconciliation statement for the firm as of March 31, 20X1 2. Record entries for any items on the bank reconciliation statement that must be journalized, Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare a bank reconciliation statement for the firm as of March 31, 20X1. (Enter all amounts of positive values) HOME DECORATING PAVILION Bank Reconciliation Statement March 31, 20X1 Blanco on bank statement Additions Deposit of March 30 in transit Check incorrectly charged to account 5 9.650 $ 2,775 700 HOME DECORATING PAVILION Bank Reconciliation Statement March 31, 20X1 Balance on bank statement Additions Deposit of March 30 in transit Check incorrectly chargod to account 9,050 b0:44:41 2.775 700 3,475 13,125 $ Deductions for outstanding checks Chock 358 of March 20 Check 350 of March 30 (435) (1,550) (1,985) 11,140 $ Total outstanding chocks Adjusted bank balance Balance in books Additions Correction of error recording check 311 Noto receivable and interest collected by bank 100 1,210 1,310 1,310 $ Doductions Bank service charge NSF check 0 Adjusted book balance $ 1,310 Required 1 Required 2 Record entries for any items on the bank reconciliation statement that must be journalized. View transaction list View journal entry worksheet NO General Journal Debit Credit 1 Date March 31, 20X1 Cash Notes receivable = Interest income 2 March 31, 20X1 Cash Rent expense 3 March 31, 20X1 Miscellaneous expense Cash 4 March 31, 20X1 Accounts receivable/D. Janis Cash