Bank Reconciliation

On November $30,$ Brown Sugar Plc has the below information related to cheques and cash:

The bank balance as per the accounting records of the company amounts to $$42,500$

and the bank balance as per the bank statement amounts to $$37,758.$

Collected cash of $$6,244$ on November $30$ will be transferred to the Bank on

December $1.$

In the Bank Statement there is a credit of $$167$ showed as interest earned for

November.

There are two Outstanding Cheques NO $921$ of amount $$964$ and NO $925$ of amount

$$1,085.$

In the Bank Statement there is a debit of $$14$ shown as Bank Service Charges, Non$-$

Sufficient$-$Funds Cheque of Mr$.$ Sweet with $$700.$

Required:

a$.$ Prepare a Bank reconciliation statement on November $30.$

b$.$ Prepare the necessary journal entries after the preparation of the Bank

reconciliation.