Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March 31 Stewart Recording Studio Bank Reconciliation March 31, 2020 $ 21,400 Book balance $ 29,965 Bank statement balance Add Deposit of March 31 in transit $ 9.682 31,082 Deduct Outstanding cheques #14 #22 Adjusted bank balance 810 307 1.117 29 965 Adjusted book balance $ $ 29,965 Cash PR Acct. No 101 Balance Explanation Debit Date 2020 Credit Balance March April 31 30 30 70,735 CR17 CD13 29.965 100,700 11,487 89,213 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 30 683 4,551 5,840 13,757 1.733 44,171 70,735 $ Total April Cash Receipts Cheques Written No 23 $ 5,142 24 3,118 25 932 26 303 27 4.133 28 4,900 19.163 30 39,910 31 405 32 11.207 Total April Cash Disbursements$89.213 29 The following bank statement is available for April: Bank Statement April 30, 2020 To: Stewart Recording Studio Bank of Canada Cheques/Charges Deposits/Credits Balance 21,400 #31 04/03 405 04/03 9,682 30,677 #28 04/07 9,400 04/07 683 21,960 #26 04/13 303 04/13 4,551 26,208 NSF 04/18 13,874 04/18 5,840 18,174 #24 04/23 3,118 04/23 13,757 28,813 #23 04/27 5,142 04/27 1,733 25,404 #29 04/30 19.163 04/30 113,000 119,241 PMT 04/30 15,518 103,723 INT 04/30 392 103,331 SC 04/30 177 103,154 NSF = Not SufficientSC = Service PMT = Payment of INT = Interest Funds Charge Principal on on Bank the loan Loan 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 $13,874 was that of customer Oprah Winney, deposited in March . On the bank statement, the payment for $15,518 is regarding a note payable There is also a deposit of $113,000 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. b. Prepare the necessary journal entries to bring the General Ledger Cash account into agreement with the adjusted balance on the bank reconciliation