Question 22 (10 points) On March 31, 2021, Perfect Fit Tailors Ltd. had a cash balance of $15,350 in its general ledger. The bank statement on that date showed a balance of $20,260. A comparison of the bank statement with the Cash account revealed the following: a. A deposit made by Fit Stop for $500 was incorrectly posted to Perfect Fit's account by the Bank b. The bank statement included electronic collections from customers on account totalling $6,000. The company had not recorded the EFT. c. The bank statement included service charges and debit and credit card processing fees of $100. d. Cheques outstanding on February 28 totalled $7,600. Of these, $5,300 worth cleared the bank in March. All cheques written in March cleared the bank in March. e. Salaries of $8,000 were paid electronically during the month. The company has already recorded these f. An NSF cheque for $250 from a customer was returned with the statement, plus a processing fee of $40. B. Cash receipts for March 31 recorded on the company's books were $3,500, but this amount does not appear on the bank statement Prepare a bank reconciliation for Perfect Fit Tailors Ltd. at March 31, 2021 > Format B Perfect Fit Tailors Ltd. Bank Reconciliation March 31, 2021