The March 31, 2020, bank statement of RasWell Distributors has just arrived. To prepare RasWell Distributors' bank reconciliation, you gather the following data (Click the icon to view the data) Required 1. Prepare the bank reconciliation for RasWell Distributors at March 31, 2020 2. Record. In general joumal form, the entries necessary to bring the book balance of Cash into agreement with the adjusted book balance on the reconciliation Include an explanation for each enty Bank Reconciliation March 31, 2020 Data Bank Balance, March 31, 2020 Add Deposit in transit 40960 a. The March 31 bank balance is $40.00 b. The bank statement includes two deductions for NSF cheques from customers One was for $210, and the other was for $400 c. The following Ras Wol Distributors's cheques are outstanding of March 31 Cheque No Amount 312 5 1.600 522 1 300 534 114 150 540 Choose from any ist or enter any number in the input fields and then continue to the next question 541 90 BH ENG Data The March 31, 2020, bank statement of RasWell Distributors has just arrived to prepare Ras Well Distributors'bank (Click the icon to view the data.) Required 1. Prepare the bank reconciliation for Ras Well Distributors at March 31, 2020 2. Record, in general joumalform, the entries necessary to bring the book balance of Cash into agreement with Bank Reconciliation March 31, 2020 0908 Bank Balance, March 31. 2020 Ada Deposit in trans 540 440 541 960 d. A few customers pay their accounts by EFT The March bank statement lists $12.900 deposit against customer accounts e. The bank statement includes two special deposits 51.770, which is the amount of GST refund (GST Receivable), the bank received on behalf of Ra Well Distributors and 590, the interest revenue Ras Welleamed on its bank balance during March 1. Rus Wels owner wrote a cheque for 5818 for the purchase of auction equipment ems. The cheque was processed by the bank, but the owner did not notify his accounting staff until they discovered the blank cheques, so the cheque was not recorded unter March 31 9. On March 31, the company deposited 5990 but is deposit does not appear on the bank statement h. The bank statement includes a $818 deduction for a cheque drawn by BBC Communications RasWell promptly notified the bank of its error The bank statement lists a 560 subtraction for the bank service charpe RasWells Cash account shows a balance of 525.000 on March 31 LA Print DO Choose from any list or enter any number in the input tos and then continue to the next question Requirement 2. Record, in general journal form the entries necessary to bring the book balance of Cash into agreement with the adjusted book balance on the reconciliation Indude an explanation for each entry Record the EFT of customer accounts (Record debits first, then credits Select the explanation on the last line of the journal entry to Journal Entry Date Accounts and Explanations Debit Credit Mar Record the bank collection of the GST refund. (Hint: Use the GST Receivable account to record this transaction)