Laymon Boat Company's bank statement for the month of September showed a balance per bank of $7,000.$ The company's Cash account in the general ledger had a balance of $4,667$ at September $30.$ Other information is as follows:

Deposits in transit were $5,000.$

The bank statement shows a debit memorandum for $60$ for check printing charges.

Outstanding Checks amounted to $5,800.$

The bank had collected notes receivable of $2,000,$ plus $70$ interest and the bank charged a collection fee of $10.$

Check No$.138$ was correctly written and paid by the bank for $429.$ 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 $492.$

The bank returned NSF'check from a customer for $530.$

Instructions:

Prepare bank reconciliation for the Month.

Prepare the necessary adjusting entries related to bank reconciliation.

Note:

Please fast