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I need help filling out the tables, I dont understand it and its due tonight. Please help! Thank you! Teng Corporation received a bank statement
I need help filling out the tables, I dont understand it and its due tonight. Please help! Thank you!
Teng Corporation received a bank statement showing a balance of $14,500 as of October 31, 2019. The firm's records showed a book balance of $14,098 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $420. 2. Three outstanding checks: Check 7017 for $120, Check 7098 for $51, and Check 7107 for $1,520. 3. A bank service charge of $16. 4. A deposit in transit of $853 Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. Prepare the necessary journal entries for the year 2019 Complete this question by entering your answers in the tabs below. Bank Rec General Journal Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. TENG CORPORATION Bank Reconciliation Statement October 31, 2019 Balance on bank statement Additions Deductions: Total deductions Adjusted bank balance Balance in books Additions: Deductions Adjusted book balance General Journal > Complete this question by entering your answers in the tabs below. Bank Rec General Journal Prepare the necessary journal entries for the year 2019. (If no entry is required for a particular transaction, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the returned check, Note: Enter debits before credits General Journal Debit Credit Date Oct 31, 2019 Journal entry worksheet 1 2 3 4 Record the returned check. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31, 2019 Record entry Clear entry View general journal Step by Step Solution
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