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Baxter Office Supplies received a bank statement showing a balance of $$68,405$ as of March $31,20$x$1.$ The firm's records showed a book balance of $$69,535$ on March $31.$ The difference between the two balances was caused by the following items.

A debit memorandum for $$58,$ which covers the bank's collection fee for the note.

A deposit in transit of $$4,100.$

A check for $$256$ issued by another firm that was mistakenly charged to Baxter's account.

A debit memorandum for an NSF check of $$6,175$ issued by Watson Construction Company, a credit customer.

Outstanding checks: Check $3782$ for $$2,600$; Check $3840$ for $$159.$

A credit memorandum for a $$6,700$ noninterest$-$bearing note receivable that the bank collected for the firm.

Prepare a bank reconciliation statement for the firm as of March $31$ and the necessary journal entries from the statement.

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Bank Reconciliation Statement

General Journal

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

$\backslash$table$[[$BAXTER OFFICE SUPPLIES,,$],[$Bank Reconciliation Statement,,$],[$March $31,20$X$1,,],[$Balance on bank statement,,$],[$Additions:$,,],[,,],[,,],[$Deductions for outstanding checks:,,$],[,,],[,,],[$Total outstanding checks,,$],[$Adjusted bank balance,,$],[,,],[$Additions:$,,],[,,],[,,],[$Deductions:$,,],[,,],[,,],[,,],[,,],[,,]]$

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