a Arrange the following data related to the Ayer Company in bank reconciliation form.

b Present journal entries on the books of the Ayer Company to record the adjustments indicated in the bank reconciliation schedule.

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Adjusted bank balance. Adjusted book balance. Balance per bank statement, October 31, 1979. Balance per books, October 31, 1979 Error in deposit of October 28, $457 deposit entered on books as $475 Outstanding checks Payroll account check deducted from this account in error Proceeds on note of W. Y. Jones, taken by the bank for collection. less collection fee of $4 $6,853 6,853 7,941 6,075 18 1,233 145 796