Given the following bank statement and cash ledger, prepare the a bank reconciliation along with the necessary adjusting journal entries. Please break down the bank reconciliation as I am having a hard time understanding the lesson from the textbook.

Amount Amount Checks and Debit Memos 8,645.15 10,640.15 ,127.63 3,812.63 1463 452 34 8,173.16 464 1,262.52 6,910.64 465 875.00 6,035.64 1466 315.005,720.64 1467 5,250.00 1467 5,250.00 6,854.00 1470 5,460.00 9,253.89 9,393.89 12,504.89 17,785.39 1468 1,100.7514,088.89 469525.00 13,563.89 1470 5,460.008,103.89 1,764.89 17,045.39 1471 936.40 16,108.99 4721,235.00 14,873.99 1473435.00 14,438.99 1474786.25 13,652.74 1475882.65 12,770.09 476 1,004.00 11,766.09 477 10,250.00 1,516.09 1478 354.56 1,161.53 525.00 NSF FEE 3,661.00 11-May 53 3,661.00 54 5,280.50 10,250.00 17-May ,941.83 ,155.58 10,825.53 3,220.39 4792,345.141480 5,260.00 1,156.25 922.44 Serv Chg 8,775.78 55 4,250.00 10,085.53 479 2,345.14 7,740.39 480 5,260.00 2,480.39 DM is for electric bill CM is for collection on account net of fee of $15 the amount and charged us a fee. 58 8,345.00 17,170.39 1481 1,756.45 15,413.94 482 245.00 15,168.94 483683.00 14,485.94 48492244 13,563.50 485 1,156.25 12,407 25 1486 6,465.00 5,942.25 59 1,856.75 ($7,709+90.00) I had corrected an error from 1,325 to 1,235 to match the bank statement. Note: prior month bank reconciliation showed the following: Bank Reconciliation Worksheet Cash Book Balance Prepare the necessary entries from the bank reconciliation Deduct: Assume that all checks written are for accounts payable