Question B2 Part I At 31 March 2019, the balance of the Cash account according to the records of FD Club was $70.261. The bank statement showed a balance of $70,798 as at 31 March 2019. You are required to prepare the bank reconciliation of FD Club at 31 March 2019, using the following supplementary information: There were no outstanding checks and deposit in transit at the end of 28 February 2019. (1) The deposit shown in the bank statement was $27,952 while the general ledger of FD Club showed the total deposit made in March was $32,874. (2) The following checks issued by FD Club were still outstanding: Check no. 120, $140; no. 121, $932, no. 127, $567. (3) A bank service charge showed in the bank statement was $150. (4) A note receivable for $5,050 (included an interest of $150) was directly credited to FD Club's account by the bank. (5) A check for $900 drawn by a customer, Stuart Sands, was deducted from FD Club's account by the bank and returned with the notation "NSF". (6) FD Club's check no. 480, issued in payment of $970 worth of office equipment, correctly written in the amount of $970 but erroneously recorded in FD Club's accounting records as $790. Required: (a) Prepare the bank reconciliation statement for the month of March 2019. (4 marks) (b) Prepare the necessary adjusting journal entries to update the accounting record