The Cash account of DT Company showed a balance of $60,000 on December 31. The bank statement as at that date showed a balance of $70,000. After comparing the bank statement with the company records, the following information was determined: 1. Deposits in transit as at December 31 amounted to $12,500. 2. Cheques issued in December but still outstanding at the end of the month amounted to $6,000. Cheques still outstanding from the month of November totalled $3,500. 3. Electronic receipts from customers in payment of their accounts totalled $13,050. These receipts are received by the bank but have not yet been recorded by the company. 4. The bank debited DT's account for service charges of $50. Instructions 1. Prepare a bank reconciliation for DT at December 31. 2. What adjusting entries does DT need to record on December 31st as a result of this bank reconciliation.