Question 3 (24 marks) Michelle's Marvellous Muffins, owned by Michelle Paquin, showed the following bank reconciliation at March 31: Michelle's Marvellous Muffins Bank Reconciliation March 31, 2019 Bank statement balance: $ 14,800 Book balance $ 32,710 Add: Deposit in transit (Mar 31) $ 21,050 $ 35,850 Deduct: Outstanding cheques #79 $ 1,250 #84 1,890 3,140 Adjusted bank balance $ 32,710 Adjusted book balance $ 32,710 The following bank statement is available for April: Bank Statement Michelle's Marvellous Muffins April 30, 2019 Bank of Montreal Cheques/Charges Deposits/Credits Balance 14,800 #93 04/02 2,509 04/03 21,050 33,341 #92 04/07 5,230 04/07 14,200 42,311 #84 04/13 1,890 04/13 850 41,271 NSF 04/18 6,540 04/18 13,600 48,331 #95 04/23 2,900 04/23 945 46,376 #99 04/27 8,590 04/27 1,890 39,676 #96 04/30 1,811 04/30 2.564 40,429 #97 04/30 8,470 04/30 INC 46 32,005 #94 04/30 3.452 28,553 PMT 04/30 9.420 19.133 INT 04/30 35 19,098 SC 04/30 55 19,043 NSF = Not Sufficient Funds SC = PMT = INT = Interest INC = Service Payment of on Bank Loan Interest revenue Charge Loan Principal