The March bank statement showed the following for Sandhill Co.: SANDHILL CO. Bank Statement March 31, 2024 Cheques and Other Debits Date Number Amount Deposits Amount Feb. 29 $12,709 Mar. 3 3470 $1,509 $2,509 13,709 4 3471 828 12,881 6 3472 1,409 1,209 12,681 1 3473 164 12,517 10 NSF 560 11,957 11 3475 469 1,729 13,217 14 3477 909 12,308 17 3476 1,809 2,269 12.768 20 1,819 14,587 21 3474 2,319 12.268 26 3478 2,060 2,546 12.754 31 LN 1,145 11,609 31 3480 1,659 9,950 31 SC 48 IN 25 9.927 Additional information: 1. The bank statement contained three debit memoranda: -/15 An NSF cheque of $560 that Sandhill had deposited was returned due to insufficient funds in the maker's bank account. This cheque was originally given to Sandhill by Mr. Thomas, a customer, in payment of his account. Sandhill believes it will be able to collect this amount from Mr. Thomas. A bank loan payment (LN), which included $145 of interest and a $1,000 payment on the principal. (Hint: Use Notes Payable.) A service charge (SC) of $48 for bank services provided throughout the month. The bank statement contained one credit memorandum for $25 of interest (IN) earned on the account for the month. 2. 3. The bank made an error processing cheque # 3478. No other errors were made by the bank. Sandhill's unadjusted cash balance per its general ledger on March 31 is $7,470. Sandhill's list of cash receipts and cash payments showed the following for March: Cash Receipts 1 Date Amount Mar. 5. $1,209 10 1.729 14 2,269 20 1,819 25 2,564 31 1,019 Total $10,609 Cash Payments Date Cheque No. Amount Mar. 3 3472 $1,409 4 3473 614 9 3474 2,319 7 3475 469 13 33 3476 1,809 144 14 3477 909 19 3478 2,460 22 21 3479 150 28 3480 1,659 31 3481 854 31 3482 1,119 Total $13,771 The bank portion of the previous month's bank reconciliation for Sandhill Co. at February 29, 2024, was as follows: SANDHILL CO. Bank Reconciliation February 29, 2024 Cash balance per bank Add: Deposits in transit $12,709 2,509 15.218 Less: Outstanding cheques #3451 $2,249 #3470 1,509 #3471 828 4,586 Adjusted cash balance per bank $10,632 Prepare a bank reconciliation at March 31. (List items that increase balance as per bank & books first.) Prepare the necessary journal entries at March 31. (Note: The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. List all debit entries before credit entries) Date Account Titles and Explanation Mar. 31 Debit Credit Mar. 31 (To correct error in recording cheque issued and to record interest earned.) (To record NSF cheque, bank service charge, error in recording cash receipts, and loan payments.)