The following information relates to the cash position of Cathy Fraser, loan broker:

1. Cash at Bank account balance as at 30 June 2019: $17 755 debit.

2. Bank statement balance as at 30 June 2019: $27 815credit.

3. 30 June receipts amounting to $1 520 have not been deposited.

4. The following cheques were issued but not presented:

No. 3456 $2 500

No. 3457 $ 160

No. 3460 $ 680

No. 3462 $1 960

5. A $980 cheque received from a customer was returned marked dishonoured.

6. A $6500 note receivable was collected by the bank for Cathy Fraser on 15 June plus $260 interest. The bank charged a collection fee of $40. No interest has been accrued on the note.

7. The bank statement shows that the bank has charged the businesss account with fees and charges of $50.

8. Comparison of the presented cheques with the entries in the cash payments journal disclosed that cheque No. 3442 for $5 138, for purchases expense, had been wrongly recorded as $5 728.

Required

Prepare a bank reconciliation at 30 June 2019 based on the provided information (4 marks).

Journalize the entries required by the reconciliation (5 marks).