Exercise $9\mathrm{.}4($Static$)$ Determining an adjusted bank balance. LO $9-5,9-6$

Johnson Corporation received a bank statement showing a balance of $$15,900$ as of October $31,201.$ The firm's records showed a book balance of $$15,572$ on October $31.$ The difference between the two balances was caused by the following items.

A debit memorandum for an NSF check from Mike Hart for $$342.$

Three outstanding checks: Check $7017$ for $$134,$ Check $7098$ for $$45,$ and Check $7107$ for $$1,560.$

A bank service charge of $$12.$

A deposit in transit of $$1,057.$

Required:

Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciifation statement.

Prepare the necessary journal entries for the year $20$X$1.$

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