At 31 December 2021, the balance of the Cash account according to the records of Bowen Company ("BC") was $39,744. The bank statement showed a balance of $36,920 as at 31 December 2021. Prepare the bank reconciliation of BC at 31 December 2021, using the following information: There were no outstanding checks and deposit in transit at the end of 30 November 2021. (1) The deposit shown in the bank statement was $28,000 while the accounting records of BC showed the total deposit made in December was $35,900. (2) The following checks issued by BC were still outstanding: Check no. 601, $200; no. 602, $1,000; no. 605, $641. (3) A note receivable for $4,550 (included an interest of $450) was directly credited to BC's account by the bank. (4) A bank service charge shown in the bank statement was $100. (5) A check for $650 drawn by a customer, Alex Chow, was deducted from BC's account by the bank and returned with the notation "NSF. (6) BC's check no. 599 issued in payment of $7,565 to purchase supplies but erroneously recorded in BC's accounting records as $7,000. Required: (a) Prepare the bank reconciliation statement for the month of December 2021. (8 marks) (b) Prepare the necessary adjusting journal entries to update the accounting record