Question $1(20$p$)$

Shown below is the information needed to prepare a bank reconciliation for ABC Company at December $31$:

At December $31,$ cash per the bank statement was $$17,000$; cash per the company's records was $$21,000.$

Two debit memoranda accompanied the bank statement: service charges for December of $$50,$ and a $$950$ check drawn by Jane Jones marked $"$NSF$."$

Cash receipts of $$9,000$ on December $31$ were not deposited until January $4.$

The following checks had been issued in December but were not included among the paid checks returned by the bank: no$.220$ for $$2,000,$ no$.230$ for $$1,000,$ and no$.240$ for $$3,000.$ Required:

a$.$ Prepare a bank reconciliation at December $31.$

b$.$ Prepare the necessary journal entry or entries to update the accounting records.