7-2. Prepare a bank reconciliation for the Farmers from the April bank statement and cash account below. $ Debits 20,000 $ JE# 1 31 3 6 7 9 11 10 $ S $ Beginning Balance Jan. 2 Set up farm bank account 5 Feb. 1 Income tax payment 6 Feb. 12 Transfer from personal checking account 7 Mar. 1 Money borrowed to purchase land 8 Mar. 1 Money borrowed to purchase tractor 9 Mar. 1 Purchase of land 10 Mar. 1 Purchase of tractor 11 Mar. 10 Sale of bullto neighbor 12 Mar. 31 Bank service charges 13 Apr. 1 Employee paycheck 14 Apr. 17 Purchase of cattle tags 15 100 120,000 50,000 Credits $ 2,160 $ $ $ $ 120,000 $ 46,000 $ $ 15$ 1,018 S 75$ Balance 20,000 17,840 17,940 137,940 187,940 67,940 21,940 22,840 22,825 21,807 21,732 $ $ $ 900 Na 6 S $ April Bank Statement Steve and Chris Farmer $21,925.00 $900 $900.00 $0.00 $1,018 Beginning cash balance Deposits: 4/1/18 5 Total deposits 6 Other credits: -7 Checks: 28 No. 1003 29 Total checks 30 Other debits: 31 Electronic payment for payroll taxes 32 Electronic payment for FUTA 33 Electronic payment for SUTA 34 Total other debits 35 Ending cash balance 36 ($1,018.00) $ 274.00 $ 9.60 $ 27.60 ($311.20) $21,495.80