Baxter Office Supplies received a bank statement showing a balance of $$67,555$ as of March $31,20$X$1.$ The firm's records showed a

book balance of $$69\mathrm{.}433$ on March $31.$ The difference between the two balances was caused by the following items.

A debit memorandum for $$41,$ which covers the bank's collection fee for the note.

A deposit in transit of $$3\mathrm{.}250.$

A check for $$239$ issued by another firm that was mistakenly charged to Baxter's account

A debit memorandum for an NSF check of $$6,090$ issued by Watson Construction Company, a credit customer.

Outstanding checks: Check $3782$ for $$1,750$; Check $3840$ for $$142.$

A credit memorandum for a $$5,850$ noninterest$-$bearing note receivable that the bank collected for the firm.

Prepare a bank reconcillation statement for the firm as of March $31$ and the necessary journal entrles from the statement.

Answer is complete but not entirely correct.

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