The following information is available regarding Fahey Inc.s chequing account:

The Balance on the September 30, 2017 Bank Statement was $2,316.

The Companys cash account showed a balance of $2,800 on September 30.

A comparison of the details between the September Bank statement and Fahey Inc.s account revealed the following:

Deposit in transit at the end of the month amounted to $400.

Outstanding cheques at the end of the month amounted to $129.

A cheque from a customer for $291 was entered by Summits bookkeeper as $219. The bank entered the correct amount.

A cheque for $265 from a customer as payment of its account was returned along with the Septembers bank statement as a NSF cheque.

Bank service charges amounted to $20.

Required:

Prepare the September 30, 2017 Bank Reconciliation for Fahey Inc.

Prepare necessary Adjusting Journal Entries that arise from the Bank Reconciliation for Fahey Inc.