$.$ On December $31,$ Surat's Warehouse received a bank statement containing a balance of $$19,500.$ The balance in the firm's checkbook and Cash account on the same date was $$20,580.$ The difference between the two balances is caused by the items listed below.a$.$ A $$5,750$ deposit made on December $30$ does not appear on the bank statement.b$.$ Check $1312$ for $$970$ issued on November $29$ and Check $1375$ for $$3,300$ issued on December $30$ have not yet been paid by the bank.c$.$ A credit memorandum shows that the bank has collected a $$2,200$ note receivable and interest of $$220$ for the firm.d$.$ A service charge of $$50$ appears on the bank statement.e$.$ A debit memorandum shows an NSF check for $$1,050.($The check was issued by R$.$ Donnelley, a credit customer.$)$f$.$ The firm's records indicate that Check $1316$ of December $1$ was issued for $$1,800$ to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of the check was $$1,600.$g$.$ The bank made an error by deducting a check for $$1,120$ issued by another business from the balance of the account of Designer's Warehouse.Instructions:$1.$ Prepare a bank reconciliation statement for the firm as of December $31,2016\mathrm{.}2.$ Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December $31,2016.$Surrat Warehouse Bank Reconciliation$12/31/16$Balance on Bank StatementAdditionssubtotalDeductions for outstanding checksTotal outstanding ChecksAdjusted Bank Balance$0$Surants BooksBalance in BooksAdditionsSubTotalDeductionsSubTotalAdjusted Book BalanceAdjusting EntriesDateAccountsDebitsCredit