The October $31,2023$ bank statement of Pressler College, an educational institution. has just arrived from the Royal Bank. To prepare the Pressler bank reconciliation, you gather the following data:

a$.$ The October $31$ bank balance is $$45,530\mathrm{.}82.$

b$.$ The bank statement includes two charges for returned cheques. One is an NSF cheque in the amount of $$677\mathrm{.}50$ received from a Student $($John Smith$).$ The other is a $$1,195\mathrm{.}03$ cheque received from another Student, $($Emily Brown$)$ and deposited by Pressler on October $21.$ It was returned by Emily$$s bank with the imprint $$Unauthorized Signature$.$

c$.$ The following Pressler cheques are outstanding at October $31$: cheque # $616,$ $$903\mathrm{.}00,$ Cheque # $806,$ $$1,272\mathrm{.}23,$ Cheque # $810,$ $$3,229\mathrm{.}05$ and Cheque # $811,$ $$948\mathrm{.}91$

d$.$ A few students pay accommodation fees by EFT. The October bank statement lists a $$2,500$ deposit for Accommodation Revenue.

e$.$ The bank statement includes two deposits: $$3,899\mathrm{.}14,$ which is the amount of tuition revenue the bank collected from an International student by EFT; and $$36\mathrm{.}86,$ the interest revenue Pressler earned on its bank balance during October.

f$.$ Pressler incorrectly recorded cheque # $798$ in payment of utilities expense. Pressler recorded the payment as $$2,785.$ The correct amount of the cheque was $$2,875.$

g$.$ The bank statement lists a $$68\mathrm{.}25$ service charge.

h$.$ On October $31,$ the Pressler accountant deposited $$7,881\mathrm{.}14,$ but this deposit does not appear on the bank statement.

i$.$ The bank statement includes $$810\mathrm{.}00$ deduction for a cheque written by Davis Company. Pressler promptly notified the bank of their error.

j$.$ Pressler$$s Cash account balance is $$43,463\mathrm{.}55$ on October $31.$

Required

$1.$ Prepare the bank reconciliation for Pressler Institute at October $31,2023.$

$2.$ Prepare any necessary journal entries resulting from the reconciliation.