The following information was available to reconcile Montrose Companys book balance of Cash with its bank statement balance as of October 31, 2020:

1. After all posting was completed on October 31, the companys Cash account had a $17,628 debit balance but its bank statement showed a $39,223 balance.
2. Cheques #296 for $1,782 and #307 for $17,038 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found that cheque #315 for $1,193 and cheque #321 for $2,672, both written in October, were not among the cancelled cheques returned with the statement.
3. In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque #320 for the October rent was correctly written for $9,110 but was erroneously entered in the accounting records as $9,920.
4. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $21,035. A $160 bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement.
5. A debit memo for $4,336 listed a $4,271 NSF cheque plus a $65 NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement.
6. Also enclosed with the statement was a $98 debit memo for bank services. It had not been recorded because no previous notification had been received.
7. The October 31 cash receipts, $1,303, were placed in the banks night depository after banking hours on that date and this amount did not appear on the bank statement.

Required: 1. Prepare a bank reconciliation for the company as of October 31, 2020.

2. Prepare the General Journal entries necessary to bring the companys book balance of Cash into agreement with the reconciled balance.