Saint Lorenz is a musical instrument shop located in a residential area. The shop adjusts its accounts monthly and closes its accounts annually. Its cash account in June 2021 and the bank statement at 30 June 2021 are shown below: Saint Lorenz 2021 Cash Ledger 2021 31 May 1-30 Jun Balance Deposits 88,845 110 Jun Checks written 33,155 85,154 11 20 Jun 21 - 30 Jun Checks written 42.569 Checks written 63,025 30 Jun Balance 35,250 Bank Statement June 2021 31 May Balance 91,345 1-30 Jun Deposits received 58,900 Checks cleared (124,500) Service charge (120) Notes and note interest received 7,800 30 Jun Returned check - NSF Balance (640) 32,785 Additional Information: (1) The note and interest received by the bank represented a 1-year note receivable issued on 1 July 2020 and matured on 30 June 2021. The principal amount is $7,000. (2) Saint Lorenz wrote a $2,500 check in May but the check had not shown up in the bank statement. Required: (a) Prepare the bank reconciliation statement for the month of June 2021. (9 marks) (b) Prepare the necessary adjusting journal entries to update the accounting record. (6 marks) (Total 15 marks)