The farm$$s bank statement has a balance of $$122,450$ in the checking account on $09/08/2023.$

According to your farm records, however, the balance in the checking account is $$124,780$ on the

same date. You compared all transactions that were recorded on the farm book as well as on the

bank statement pertaining checking account and found the following discrepancies:

Issue $1$: The monthly service fee charged by Wells Fargo bank of $$14$ was captured on the

bank statement but not on the farm books.

Issue $2$: The check from the buyer for $$2,316$ was recorded on the farm$$s books but has not

been deposited and reflected on the bank statement yet.

a$)$ What is the amount you will record on the balance sheet under $$Checking account$?$

b$)$ Explain what adjustments you had to do to arrive to the amount you provided in part a