You are the bookkeeper of Holmes Traders. You undertake a bank reconciliation at the end of every month. Holmes Traders received its bank statement for the month ending 31 March 2021. The bank reconciliation at the end of February showed a deposit in transit of $780 and two outstanding cheques (no. 563 for $204 and no. 571 for $420). The adjusted cash balance in the entitys records was $7087 debit at the end of February. Below are the entitys March bank statement and the entitys book records that indicate the deposits made and cheques written during the month of March: AU Bank - Bank Statement For the period 01/03/2021 31/03/2021 Holmes Traders, NSW Dr Cr Balance $ Balance brought forward 6931 CR 1 March Deposit 780 7711 CR 3 March Deposit 708 8419 CR March Cheque # 582 312 8107 CR 6 March Deposit 408 8515 CR 8 March # 571 420 8095 CR 9 March Deposit 504 8599 CR 12 March Deposit 252 8851 CR March # 584 420 8431 CR 13 March # 583 1020 7411 CR 15 March Deposit 972 8383 CR March # 587 888 7495 CR 20 March Deposit 336 7831 CR 22 March # 585 816 7015 CR 26 March Deposit 912 7927 CR 29 March # 586 756 7171 CR 30 March # 580 516 6655 CR 31 March interest 23 6678 CR 31 March Transaction fees 13 6665 CR Holmes Traders Book Records Date Deposits made Cheques written $ No. $ March 3 708 # 579 288 6 408 # 580 516 9 504 # 581 414 12 252 # 582 312 15 972 # 583 1020 20 336 # 584 420 26 912 # 585 816 29 756 # 586 432 $ 4848 # 587 888 $ 5106 The cash at bank account balance on 31 March was $6829. In reviewing cheques, a mistake was discovered: Cheque no. 586, written for insurance expenses of $756, was recorded in the general journal as $432. Required: a) As the entity does not use special journals, prepare the necessary general journal entries to bring the cash at bank account up to date as at 31 March 2021. (3 marks) b) Prepare a bank reconciliation statement for Holmes Traders at 31 March 2021. Please ensure you indicate the balance of each amount with either a debit or credit in the bank reconciliation statement. (6 marks)