Problem # 5 The following information was used to prepare the March, bank reconciliation for Benson Machine Works. Identify the items that require adjustment to the cash balance per books and prepare the appropriate adjusting entries. 1. Included with the bank statement materials was a check from Jim Trent for $70 stamped "NSF." 2. A personal deposit by Sam Benson to his personal account in the amount of $300 for dividends on his General Motors common stock was credited to the company account. 3. The bank statement included a debit memorandum for $30.00 for four books of blank checks for Benson Machine Works. 4. The bank statement contains a credit memorandum for $42.75 interest on the average checking account balance. 5. The daily deposits of March 30 and March 31, for $3,362 and $3,125 respectively, were not included in the bank statement postings. 6. Two checks totaling $316.86, which were outstanding at the end of February, cleared in March and were returned with the March statement. 7. The bank statement included a credit memorandum dated March 28, for $75.00 for the monthly interest on a 6-month $15,000 certificate of deposit that the company owns. 8. Four checks, #8712, #8716, #8718, #8719, totaling $5,369.65, did not clear the bank during March. 9. On March 24, Benson Machine Works delivered to the bank for collection a $4,500 3-month note from Al Locke. A credit memorandum dated March 29, indicated the collection of the note and $135.00 of interest. 10. The bank statement included a debit memorandum for $25.00 for the collection service on the above note and interest. Please write in bank reconciliation form!