Problem 2: (10 points) The following information is available for the Edwards Company for its March 31 bank reconciliation: From the March 31 bank statement : Previous Balance $10,908 Total checks and Debits $7,805 Total Deposits and Credits $11, 905 Current Balance $15,008 Checks and Debits Daily Balance Date 03/03 03/11 03/15 03/25 03/29 03/30 No. Amount 2874 1,210 2906 3,850 2905 170 2909 725 29081,350 500 NS F Deposits and Credits Date Amount 03/02 4,340 03/277 ,270 03/31 295 IN 1 Date 03/01 03/02 03/03 03/11 03/15 03/25 Amount 10,908 15,248 14,038 10,188 10,018 9,293 03/27 03/29 03/30 03/31 16,563 15, 213 14,713 15,008 NSF: IN: A check from a customer, Cook Co. in payment of their account. Interest earned on the account. From the Edwards Company's accounting records : Cash Receipts Deposited Date Cash Debit March 7 4,340 27 7,270 31 2,090 13,700 2906 Cash Disbursements Check Cash NO. Credit 2905 170 3,850 2907 460 2908 1,350 2909 725 2910 340 1 6 ,895 Cash PR Debit Date February 28 March 31 31 Explanation Balance Total receipts Total disbursements Acct. No. 101 Credit Balance 9,698 23,398 6,895 16,503 R4 13,700 a. Based on the above information, prepare a bank reconciliation for the Edwards Company. b. Prepare the necessary general journal entries to adjust cash to the reconciled balance