March 31, 2019Balance on bank statementAdditions:Deductions:Total deductionsAdjusted bank balanceBalance in booksAdditions:Deductions:Adjusted book balance

Di Stefano Office Supply Company received a bank statement showing a balance of $70,005 as of March 31, 2019. The firms records showed a book balance of $71,487 on March 31. The difference between the two balances was caused by the following items.

A debit memorandum for $40, which covers the banks collection fee for the note (item 6).

A deposit in transit of $4,700.

A check for $348 issued by another firm that was mistakenly charged to Di Stefanos account.

A debit memorandum for an NSF check of $6,145 issued by Wozniak Construction Company, a credit customer.

Outstanding checks: Check 3782 for $2,200; Check 3840 for $251.

A credit memorandum for a $7,300 noninterest-bearing note receivable that the bank collected for the firm.

Prepare a bank reconciliation statement for the firm as of March 31. Prepare the necessary journal entries for March 31, 2019 from the statement.