Portman Ltds bank statement for the month of December showed a balance per bank of $16,800 in funds. The companys cash account in the general ledger had a balance of $10,056 at 31 December. A comparison of the statement with the cash account revealed the following facts:

(a) Unpresented cheques at 31 December totalled $7,740, and outstanding deposits at 31 December were $10,350.

(b) The bank statement showed a dishonoured cheque of $1,110 that had been issued by a customer, to Portman Ltd.

(c) The bank statement showed $60 was charged for cheque printing; however, this transaction had not been processed through the companys books.

(d) Portman Ltd issued cheque No. 152 for $1,551 in payment of an outstanding accounts payable balance. The cheque, which cleared the bank in November, was incorrectly journalised and posted by Portman Ltd for $1,515

(e) A $9,600 note receivable was collected by the bank for Portman Ltd at 31 December plus $960 interest. This transaction had not been recorded in the companys books. No interest has been accrued on the note.

Required: For the purpose of this question, please ignore GST. Narrations for journal

entries are NOT required but show ALL your workings.

(i) Prepare the bank reconciliation for Portman Ltd as at 31 December. (3

(ii) Prepare the necessary adjusting entries in the books of Portman Ltd based on the reconciliation, assuming Portman Ltds accounts have not been closed.