Venturi Office Supplies received a bank statement showing a balance of $73,047 as of March 31, 20X1. The firm’s records showed a book balance of $72,987 on March 31. The difference between the two balances was caused by the following items. Prepare a bank reconciliation statement for the firm as of March 31 and the necessary journal entries from the statement. Use 8 as the journal page number.
1. A debit memorandum for $40, which covers the bank’s collection fee for the note (item 6).
2. A deposit in transit of $3,700.
3. A check for $348 issued by another firm that was mistakenly charged to Venturi’s account.
4. A debit memorandum for an NSF check of $4,643 issued by Wilson Construction Company, a credit customer.

5. Outstanding checks: Check 3782 for $1,250; Check 3840 for $141.
6. A credit memorandum for a $7,400 noninterest-bearing note receivable that the bank collected for the firm.