Your client requested that you assist them in preparing their October bank reconciliation as they are uncomfortable based on the feedback you have provided on their cash controls - please prepare the bank reconciliation and correlated journal entries based on the following information:

Bank Balance, October 31, 2021: $15,368.50

Book Balance, October 31, 2021: $15,548.00

Notes:

1. The bank statement included an NSF charge of $105.00 for a cheque received from a customer.
2. The bank statement included an incorrect charge of $15.00 to the companies account for preparing their bank reconciliation, a service which was not provided by the bank.
3. Outstanding cheques as of October 31, 2021, were $118.00.
4. $3,250 was received into the companys bank account on October 31, 2021 for a line of credit extended by the bank.
5. Cash sales of $12.50 were incorrectly recorded as $1,250 by the companys bookkeeper.
6. The bank statement included a charge (debit memo) of $205.00 for the monthly bank services.
7. Deposits in transit as of October 31, 2021, were $1,985.00.