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Land C Equipment r Buildings . . . KG Corp.'s October 31st, 2020 bank statement balance is $35,639.44 and its book balance is $28,010.45.

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Land C Equipment r Buildings . . . KG Corp.'s October 31st, 2020 bank statement balance is $35,639.44 and its book balance is $28,010.45. Cheque number 752 and 756 are still outstanding. Cheque 752 was written for $2,400.55 and cheque 756 was written for $3,213.44. A bank memo states that a long-term note of $5,500 note receivable was collecter by the bank, this includes $500 of interest on the note. Incorrectly recorded the purchase of $450 of inventory as $540. A customer's check of $500 returned NSF. Monthly bank service charges totalled $75. A deposit of $3,000 in cash made on October 31st does not appear on the bank statement yet. 1) Prepare the bank conciliation. (11 points) 2) Prepare the adjusting entries. (Extra 5 points)

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