ABC Limited is a musical instrument shop located in a residential area. The shop adjusts its accounts monthly and close its accounts annually. Its cash account in June 2021 and the bank statement at 30 June 2021 are shown below: 2021 31 May Balance 1-30 Jun Deposits 30 Jun Balance on 31 May 1-30 June 30-June Additional Information! (1) The note and reinterest ABC Limited Cash Ledger 88,845 85,154 35,250 2021 1-10 June 11-20 June 21-30 June Bank statement June 2021 Balance Deposits received Checks cleared Service charge Notes and note interest received Returned check - NSF Balance I July 2020 and matured on checks written 33,155 Checks written 42, 569 Checks written 63,025 91,345 58,900 (124,500) (120) received by the bank represented a 1-year note receivable issued 30 June 2021. The principal amount is $7,000. check had not shown up in the (2) ABC Limited wrote a $2,500 check in May but the bank statement. 7,800 (640) 32,785 Required! (a) Prepare the bank reconciliation statement for the month of June 2021. (b) Prepare the necessary adjusting Journal entries to update the accounting record.