The following information for the month of December 2015, with respect to cash activities, was gathered by Sarg Ltd.s bookkeeper.

Cash balance per books, December 1 $ 3,700

Cash received during December 77,000

Cash payments made during December 77,548

Cash balance per bank statement, December 31 6,300

Cheques outstanding, December 31 5,300

Bank service charges for December 52

Deposits in transit at December 31 1,700

Cheque issued by Sage Ltd. deducted from Sargs account in error by the bank 580

A $1,200 cheque received from a customer on December 13 in payment of an

account receivable was incorrectly recorded as 1,020

a.	Prepare the December 2015 bank reconciliation for Sarg.
b.	Prepare any adjusting journal entries that would result from the December 2015 bank reconciliation.