Teng Corporation received a bank statement showing a balance of $14,650 as of October 31, 2019. The firms records showed a book balance of $14,221 on October 31. The difference between the two balances was caused by the following items.

A debit memorandum for an NSF check from Richard Wolf for $423.

Three outstanding checks: Check 7017 for $123, Check 7098 for $54, and Check 7107 for $1,550.

A bank service charge of $19.

A deposit in transit of $856.

Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. Also prepare the necessary journal entry for the year 2019.

General Journal Bank Rec Stmt 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 Total Deductions: Total outstanding checks Adjusted bank balance Balance in books Deductions Adjusted book balance Bank Rec Stmt General Journal>