Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firms records showed a book balance of $15,262 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 $332.

Three outstanding checks: Check 7017 for $124, Check 7098 for $55, and Check 7107 for $1,560.

A bank service charge of $12.

A deposit in transit of $957.

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.

JourmaI Prepare the adjusted bank balance section and the adjusted book ba TENG CORPORATION Bank Reconciliation Statement October 31, 2019 Balance on bank statement Additions: Book Deductions: Hint erences Total deductions Adjusted bank balance Balance in books Additions Deductions Adjusted book balance