NTOS The bank statement for Urethane 59,143.11. All cash receipts are deposited leath the folng summary data for banking hour Company for June 30, 2007, indicates a balance of evening in a night depository, after menta fcounting records indicate the following summary data for cash Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $ 4,232.25 +28,971.85 28.388.85 Comparing the bank statement and the accompanying canceled checks and memoranda; with the records reveals the following reconciling items: a. The bank had collected for Urethane Company $1030 on a note left for collection. The face amount of the note was $1,000. b. A deposit of $1,852.21, representing receipts of June 30, had been made too late to appear on the bank statement. c. Checks outstanding totaled $5,265.27. d. A check drawn for $139 had been incorrectly charged by the bank as $157. e. A check for $300 returned with the statement had been recorded in the company's records as $240. The check was for the payment of an obligation to Avery Equipment Company for the purchase of office supplies on account. f. Bank service charges for June amounted to $18.20. Instructions: 1. Prepare a bank reconciliation for June. 2. Journalize the entries that should be made by Urethane Company