1. On March 31, 2021, the Cash account of Rose Petal (RP) had a balance of $39,594. On that date, the bank statement indicated a balance of $50,366.

2. There was an $8 service charge on the bank statement.

3. The bank has not credited the company's account for a $4,200 deposit made on March 30 and a $4,700 deposit made on March 31.

4. After reviewing the February 28, 2021 bank reconciliation, cheque #568 for $3,450 written to Garden Work's had still not cleared the bank in March.

5. The bank reported an EFT credit memorandum for the collection of a receivable from Cynthia Chan of $6,300. A second credit memoranda was identified for $300 representing interest earned on the bank account.

6. A $1,700 cheque of a customer, Blake Rider, was returned by the bank because of non-sufficient funds. The bank charged RP a $60 NSF fee.

7. The Accounts Payable clerk recorded a rent expense payment of $160 as $1,600. Cheque #572 was correctly written for $160.

8. In checking the disbursements journal, cheques #571 for $4,725 and #583 for $5,225 did not appear on the March bank statement.

a) Prepare a bank reconciliation for RP as at May 31, 2021.

b) Prepare the necessary journal entries to adjust RP's records based on the bank reconciliation.