Exercise $9\mathrm{.}6($Algo$)$ Preparing a bank reconciliation statement. LO $9-5,9-6$

Baxter Office Supplies received a bank statement showing a balance of $$67,855$ as of March $31,20$X$1.$ The firm's records showed a

book balance of $$69,469$ on March $31.$ The difference between the two balances was caused by the following items.

A debit memorandum for $$47,$ which covers the bank's collection fee a the note $($item $6).$

A deposit in transit of $$3,550.$

A check for $$245$ issued by another firm that was mistakenly charged to Baxter's account.

A debit memorandum for an NSF check of $$6,120$ issued by Watson Construction Company, a credit customer.

Outstanding checks: Check $3782$ for $$2,050$; Check $3840$ for $$148.$

A credit memorandum for a $$6,150$ noninterest$-$bearing note receivable that the bank collected for the firm.

Required:

Prepare a bank reconciliation statement for the firm as of March $31.$

Prepare the necessary journal entries for March $31,201$ from the statement.