Below is the bank statement information about Marias International Company as on June 30, Year 1.

Cash balance per bank, June 30, Year 1	$7,250
Cash balance per general ledger, June 30, Year 1	6,965
Outstanding checks, June 30, Year 1	1,345
Deposit in transit, June 30, Year 1	525
NSF check (from a customer for a payment on account) returned by bank	725
April interest earned per bank statement	50
Check no. 700 for Utilities expense cleared the bank for $560, but was erroneously recorded in the books at $650
Deposit in amount of $2,000, recorded properly on books, erroneously credited on bank statement as $2,050

Required:

Part A: Prepare a bank reconciliation as of June 30, Year 1.

Part B: Prepare any journal entries required as a result of the bank reconciliation.