Heading 1 Heading 2 Heading 3 Problem 2 Diver Down, Inc. (DDI) needs to prepare a bank reconciliation for April. The information from DDI's bank statement and cash account has been summarized below. Bank Statement Cash Account Records Balance 4/1/20 $ 82,600 Cash Balance 4/1/20 $ 83,150 Deposits 394,600 Checks Cleared (407,650) Checks Received NSF Checks 397,375 (2,626) Debit Memos (1,770) Checks Written (414,975) Interest 36 Balance 4/30/20 $ 65.190 Cash Balance 4/30/20 S 65.550 In addition to the summaries above, a review of the bank statement and cash account reveals the following: There were two reconciling items at the end of March -a deposit-in-transit for $1,225 (it is included on the April bank statement) and an outstanding check #7707 for $675. All checks were written for the correct amount during the period (1.c. DDI is correct if there is a difference). All checks received on this account relate to collection of accounts receivable and are deposited upon receipt. Bank statement deposits include a credit memo for collection of a $3,260 account (customer sent payment directly to the bank). A 57,260 deposit on April 30" is on the books but does not appear on the bank statement. Debit Memos on the bank statement relate to a service charge for new checks (S120) and payment on a Note Payable ($1,500 principal & S150 interest). The difference between checks written in April and checks cleared by the bank relates to five checks: o Check #7707 for $675 is included on the April bank statement. o Checks #7747 for $1,984, #7748 for $812, and #7754 for $5,150 are not on the bank statement. Check 17738 for the purchase of equipment is on the bank statement for $828 and on the books for 8882. Use the information above to complete the bank reconciliation below: Balance per Bank Balance per Books Add Add Subtract Subtract And Cash Balance Adjusted Cash Balance Use the accounts below to record the necessary adjustments resulting from the bank reconciliation above, Use the information above to complete the bank reconciliation below: Balance per Bank Balance per Books Add Add Subtract Subtract Adjusted Cash Balance Adjusted Cash Balance Use the T-accounts below to record the necessary adjustments resulting from the bank reconciliation above. Cash I 2