Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31: $30,525 Stewart Recording Studio Bank Reconciliation March 31, 2020 Bank statement balance $21,800 Book balance Add: Deposit of March 31 in transit 9,862 $31,662 Deduct: Outstanding cheques: #14 $822 #22 315 1,137 Adjusted bank balance $30,525 Adjusted book balance $30,525 Cash Explanation Acct. No. 101 Balance PR Debit Credit Date 2020 March 31 April 30 30 Balance CR17 71,203 CD13 30,525 101,728 11,423 90,305 A list of deposits made and cheques written during April, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below: Deposits Made April 7 13 18 23 27 30 Total April Cash Receipts $ 687 4,579 5,876 13,841 1,745 44,475 $71,203 Cheques Written No. 23 24 25 26 27 28 29 30 31 32 Total April Cash Disbursements $ 5,178 3,138 936 307 4,189 4,900 19,419 40,510 409 11,319 $90,305 The following bank statement is available for April: Bank Statement To: Stewart Recording Studio Cheques/Charges Deposits/Credits #31 04/03 409 04/03 9,862 #28 04/07 9,400 04/07 687 #26 04/13 307 04/13 4,579 NSF 04/18 14,058 04/18 5,876 #24 04/23 3,138 04/23 13,841 #23 04/27 5,178 04/27 1,745 #29 04/30 19,419 04/30 117,000 PMT 04/30 15,726 INT 04/30 424 04/30 177 NSF - Not Sufficient SC Service PMT = Payment of Funds Charge Principal on the loan April 30, 2020 Bank of Canada Balance 21,800 31,253 22,540 26,812 18,630 29,333 25,900 123,481 107,755 107,331 107,154 INT Interest on Bank Loan SC . In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #28, for delivery expense, was recorded in the Cash Disbursements Journal correctly as $4,900. The NSF cheque for $14,058 was that of customer Oprah Winney, deposited in March. . On the bank statement, the payment for $15,726 is regarding a note payable. There is also a deposit of $117,000 dated April 30. It is an investment made by the owner into the business (the bank transferred the funds electronically from the owner's personal account to his business account, which is why it was not recorded in the Cash Receipts Journal). Required: a. Prepare a bank reconciliation for Stewart Recording Studio at April 30