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Teng Corporation received a bank statement showing a balance of $14.550 as of October 31, 2019. The firm's records showed a book balance of $14.139
Teng Corporation received a bank statement showing a balance of $14.550 as of October 31, 2019. The firm's records showed a book balance of $14.139 on October 31. The difference between the two balances was caused by the following items 1. A debit memorandum for an NSF check from Richard Wolf for $421. 2. Three outstanding checks: Check 7017 for $121, Check 7098 for $52, and Check 7107 for $1,530, 3. A bank service charge of $17. 4. A deposit in transit of $854 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. Complete this question by entering your answers in the tabs below. Bank Rec General Journal Prepare the necessary journal entries for the year 2019. (If no entry is required for a particular transaction, select "No journal entre required in the first account field.)
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