Company's bank statement for the month of September showed a balance per bank of $11,050.

The company's Cash account in the general ledger had a balance of $8,620 at September 30. Other information is as follows:

1. Cash receipts for September 30 recorded on the company's books were $9,010 but this amount does not appear on the bank statement. This amount is a deposit in transit.

2. The bank statement shows a debit memorandum for $60 for check printing charges. 3. The total amount of checks still outstanding at September 30 amounted to $7,890.

4. Check No. 138 was correctly written and paid by the bank for $430. The cash payment journal reflects an entry for Check No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for $560.

5. The bank returned an NSF check from a customer for $560.

6. The bank included a credit memorandum for $4,040 which represents collection of a customer's note by the bank for the company; principal amount of the note was $3,940 and interest was $100. Interest has not been accrued.

Instructions (a) Prepare a bank reconciliation for Corporation at September 3 (b) Prepare any adjusting entries necessary as a result of the bank reconciliation