The Chicago Skate Company's bank statement for the month of June indicated a balance of \(\$ 4,320\). The company's cash account in the general ledger showed a balance of \(\$ 2,464\) on June 30. Other relevant information includes the following:

1. Deposits in transit on June 30 total \(\$ 2,550\).

2. The bank statement shows a debit memorandum for a \(\$ 10\) check printing charge.

3. Check No. 160 payable to Simon Company was recorded in the accounting records for \(\$ 124\) and cleared the bank for this same amount. A review of the records indicated that the Simon account now has a \(\$ 28\) credit balance and the check to them should have been \(\$ 142\).

4. Outstanding checks as of June 30 totaled \(\$ 3,175\).

5. Check No. 176 was correctly written and paid by the bank for \(\$ 345\). The check was recorded in the accounting records as a debit to accounts payable and a credit to cash for \(\$ 354\).

6. The bank returned an NSF check in the amount of \(\$ 311\).

7. The bank included a credit memorandum for \(\$ 630\) representing a collection of a customer's note. The principal portion was \(\$ 610\) and the interest portion was \(\$ 20\). The interest had not been accrued.

Required

a. Prepare the June bank reconciliation for the Chicago Skate Company.

b. Prepare any necessary adjusting entries.