Bank Reconciliation.

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

1. 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.

2. Collected cash of $6,244 on November 30 will be transferred to the Bank on December 1.

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

4. There are two Outstanding Cheques N0 921 of amount $964 and N0 925 of amount $1,085.

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