Example for class Problem A The following data pertains to England Company: Balance per the bank statement dated 2010 June 30, is $ 30,000. Balance of the Cash in Bank account on the company books as of 2010 June 30, is $ 8,795. Outstanding checks as of 2010 June 30, total $ 14,300. Bank deposit of June 30 for $ 2,735 was not included in the deposits per the bank statement. The bank had collected proceeds of a note, $ 22,612 (of which $ 112 was interest), that it credited to the England Company account. The bank charged the company a collection fee of $ 15 on the note. The bank erroneously charged the England Company account for a $ 10,500 debit memo of another company that has a similar name. Bank service charges for June, exclusive of the collection fee, amounted to $95. Among the canceled checks was one for $700 given in payment of an account. The bookkeeper had recorded the check at $ 920 in the records. company A check of Crosby, a customer, for $ 2,447, deposited on June 20, was returned by the bank marked NSF. No entry has been made to reflect the returned check on the company records. A check for $ 1,435 of Malcolm, a customer, which had been deposited in the bank, was erroneously recorded by the bookkeeper as $ 1,570. The check had been received as a payment on the customer's account receivable. Prepare a bank reconciliation as of 2010 June 30, and any necessary journal entry or entries to correct the accounts. Page Break