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On March 31, Wation Company's Cash account had a balance of $26.980. On that date, the bank statement had a balance of 527,940. Analysis of the bank statement and comparison of the statement with the records Indicated the following: Dentalt ut the end of March 200 Distanding check at the end of March 4,040 Bank serke Share 22 Customer's tumed check, NGE LO Deok.collection of note on our behalt 2,600 Interest income on note 150 In reviewing the records, Watson Company also discovered the following error: A Peterson Company check of $1,000 was deducted from Watson Company's account Required: Prepare the journal entries necessary to update the cash account so that its balance is equal to the adjusted balance per bank reconciliation. Make sure to enter each transaction Note: It will be helpful if you prepare a bank reconciliation before you prepare the journal entries Date Account Title Det Crede