*Please label what you subtracted or added to get an answer if applicable so that I can follow along and learn better*

RIng Inc. is preparing the monthly bank reconciliation of its checking account balance for the month of November.

Their bank statement indicates the following:

- Bank Statement balance, beginning of the month $15,740

- Service Charge for November $75

- Interest earned during November $90

- NSF check for goods purchased on account $715

The company's records indicate the following:

- Company statement account balance $15,626

- Outstanding checks as of October 31 $1,510

- Deposit in transit as of October 31 $750

- Error in recording a check Issued by Ring Inc. *Check was recorded as $760 but the correct amount of the check is $706*

1) Prepare a bank reconciliation for Ring Inc for the month of November.

1b) Prepare the necessary adjusting journal entries for the company.* Only the items that affected the cash balance from the company records need adjusting entries *