The Cashbook for Johnson Limited at March 15, 2010 showed a balance of $19,144.15. The bank statement showed a balance of $31,391.40 on March 15, 2010. Upon investigation of the bank statement and the accompanying cancelled check and memorandum the following were discovered.

a. Check outstanding totaled $11,021.50

b. The bank had collected $6,300 on a note left for collection. The face of the note was $6,000

c. A deposit of $6,215.50 representing receipt of March 15 had been made too late hence they could not appear on the bank statement.

d. A check drawn for $855 had been made in error by the bank as $585.

e. A check for $1,275 returned with the statement had been incorrectly recorded by Johnson Limited as $2,175. The check was for the payment of an obligation to Freddy Limited for the purchase of office supplies on account.

f. Bank service charge for March amounted to $28.75

Required:

1. Prepare the Bank Reconciliation Statement

2. Journalize the necessary entries the account have not been closed.