ACME Corporation's treasury department has just received the bank statement for November 30, 2022. The following details are provided:

Bank balance is $12,000 compared to an unadjusted book balance of $1,050 An EFT deposit as payment on account from a customer was received by the bank on November 30 in the amount of $9,000 that has not yet been recorded by the company Cheques # 568 and # 570 issued in November totaling $2,500 have not yet cleared the bank The $1,200 deposit made after 4pm on November 30th did not make the banking cut-off for that day and does not appear on the bank statement The bank fees and service charges included on the November bank statement amount to $250. These have not yet been recorded by the company. Bank error on Cheque #550 recorded the cheque as $4,500 instead of the $5,400 it was issued for.

1) Prepare the bank reconciliation in good form. (6 marks) (Decimals are not required)

2) Prepare the required journal entries (4 marks)