E$7\mathrm{.}4$ Prepare bank reconciliation statement and adjusting entries.

Surf Town Pty Ltd$\text{'}$s bank reconciliation clerk is unable to reconcile the bank balance at $31$ January. The

balance of the cash at bank account, before any entries for transactions initiated by the bank, was $$4770\mathrm{.}20$ in

the company records. The reversal of entry relates to a receipt originally deposited from a customer on

account. The clerk's attempt at the bank reconciliation statement is as follows.

Required

$($a$)$ Prepare a correct bank reconciliation.

$($b$)$ Journalise the entries required by the reconciliation.