QUESTIONS Bank Reconciliation The following information is available for the Parks Company for the month of March . On March 31, her transactions have been recorded the balance in the company's Cash O ut has a balance of $31.135 The company's bank statement shows a balance on March 31 of $32.827. A deposit in transit placed in the bank's nicht depository on March 31 totaled $3,283 and did not appear on the bank statement Outstanding checks at March 31 include check 6303 in the amount of $1,149; check 355 in the amount of $1,838 and check 358 in the amount of $1,609 The bank cleared check 1358 in the amount of $670 The company incorrectly recorded the check as $1.670. The checkerror was written to purchase supplies The bank deducted $672 for an NSF check from a customer deposited on March 20. Require: Prepare a bank reconciliation as of March 31. list items in the same order and label as needed using the bold items as they appear above. If it is reducing the balance, enter them in (). For example, reducing the Bank by 1,000 will be entered as (1.000) Parks Company Bank Reconciliation March 31 Beg Balance per Bank Beg Balance per Books Adjusted Bank Balance Adjusted Book Balance 2) Prepare journal entries required by the bank reconciliation to bring the cash balance to the adjusted balance Do the entry to increase cash first and the entry to decrease case seconda cell is not used, enter a Debt should go first, followed by Credits. If more than one account is debited or credited place them in alphabetical order Date Accounting