Question: Lecous bank statement dated Dec 31, 2015 shows a balance of $25,670. The company's cash records on the same date show a balance of $24,250.

Lecous bank statement dated Dec 31, 2015 shows a balance of $25,670. The company's cash records on the same date show a balance of $24,250. Following additional information is available:

1. Following checks issued by the company to its customers are still outstanding:

No. 175 issued on Nov 29

$570.00

No. 176 issued on Dec 26

25.21

No. 177 issued on Dec 29

275.00

No. 178 issued on Dec 31

197.50

A deposit of $500.00 made on Dec 31 does not appear on bank statement.

2. An NSF check of $1150.71 was returned by the bank with the bank statement.

3. The bank charged $55 as service fee.

4. Interest income earned on the company's average cash balance at bank was $1,557.

5. The bank collected a note receivable on behalf of the company. Amount received by the bank on the note was $350. This includes $50 interest income. The bank charged a collection fee of $39.

6. A deposit of $530 was incorrectly entered as $340 in the company's cash records.

Prepare a bank reconciliation statement using the above information.

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