The following information for the month of March is available from Watters, Inc.'s accounting records: a. Balance per bank statement, March 31, 2007 $10,600

b. Cash balance per books, March 31, 2007 $15,372

c. Deposit made on February 28, recorded by bank on March 3 $3,600

d. March 31, 1996, outstanding checks

#2346 $438

#2348 $236

#2355 $107

e. Bank service charge for March (not recorded yet by Watters) $45

f. NSF check of customer returned by bank with March statement $823

g. A check drawn on Moore Company was erroneously charged to Watters $575

h. A $347 check to a supplier in payment of account was erroneously recorded on Watters' books as $437 ?

i. Deposit made on March 31, recorded by bank on April 3 $4,200 Required: 1. Prepare a March 31, 2003, bank reconciliation in good form. 2. Prepare any related adjusting entries that are necessary on March 31, 2007.