The following information relates to the business of Peter Jiem, Real Estate as at 31 January 2010.

1. The Bank Statement balance as at 31 January 2010 was $24 663 CR.

2. There was an EFT payment of $680 for insurance made on 15 January 2010.

3. The Bank Service Charge for January was $50. This included $10 for the account fee, $15 for printing cheque books and $25 for the establishment of a temporary overdraft facility.

4. A comparison between the Bank Statement and the Cash Payments Journal reveals that the following cheques have not yet been presented for payment:

                   Chq no. 1520            $1 940

                   Chq no. 1522            $   493

                   Chq no. 1525            $4 534

5. $4 076 was deposited into the bank account on 30 January 2010. The Bank Statement does not show this deposit.

6. A cheque for $882 was dishonoured by the bank due to insufficient funds in the customer's account.

7. On 13 January 2010 the bank deposited $525 into the business bank account. This amount should have been deposited into the account of Peter Jiem.

8. There were two EFT collections made during the month as follows:

                   3 January      $1 250 -  Customer deposit

                   7 January      $2 000 - Collection of Bill Receivable which included $244 of interest

9. Cheque number 1531 has been recorded in the Cash Payments Journal as $8 252. The correct amount, which is the amount that recorded on the Bank Statement is $8 525.

10.   The Cash at Bank balance as at 31 January 2010 is $19 882 DR.

Required:

1. Prepare the Bank Reconciliation Statement as at 31 January 2010.

2. Prepare a schedule of the necessary adjustments to give the correct balance of the Cash at Bank account as at 31 January 2010.

Record the journal entries to record the adjustments.