P8-33 Preparing a bank reconciliation and journal entriesThis problem continues the Daniels Consulting situation from Problem P6-38 of Chapter 6. Danielss March Cash T-account from its general ledger is as follows:Cash45,0852,4752,9004,8003,6804,4007301,45019050051,670Feb. 28 Bal.Mar. 6Mar. 13Mar. 20Mar. 27Mar. 1 (ck. 207)Mar. 14 (ck. 208)Mar. 14 (ck. 209)Mar. 28 (ck. 210)Mar. 30 (ck. 211)Mar. 31 Bal.Danielss bank statement dated March 31, 2017, follows:Deposits and other Credits:Checks and other Debits:Mar.14Mar.18Mar.Mar.20 EFT Hip Hop Hats (on account)Mar.222 EFT to Paper Products2 ck#20618 ck#20719 ck#20928 EFT to The Cable Co.28 ck#208Mar.28 Interest revenueMar.Mar.Mar.Mar.Mar.Mar.Bank Service ChargeEnding Balance, March 31, 2017Beginning Balance, February 28, 2017$ 675$ 49,123251,095341,4502,9002,4755504,800$ 45,50511,4254,4008573013(7,807)Bank Statement for March 2017Requirements1. Prepare the March bank reconciliation.2. Journalize any transactions required from the bank reconciliation. Compute the adjusted account balance for the Cash T-account, and denote the balance as End. Bal.