betura w 45 10062 Problems (50 Points) please answer in the Blue Book Problem 1 XYZ Company needs to prepare a bank reconciliation for the month ended March 31st. The company's general ledger cash balance as of March 31st was $5,200. The company's bank balance as of March 31st was $5,000. The following additional information regarding XYZ'S cash activity is as follows: XYZ received $1,000 in checks on March 31st and deposited these checks into the bank on April 1st. Outstanding checks as of March 31st were $750 Bank service charges for the month of March were $50 Check number 125 for rent was entered into the accounting records for 500, but the check was paid by the bank at its correct amount of $400 A. Prepare a bank reconciliation for XYZ Company for the month of March B. Prepare the necessary journal entries to record the correct cash balance on the company's books as of March 31st