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Business, 31.10.2019 04:31 thanks5640

Teng corporation received a bank statement showing a balance of $14,900 as of october 31, 2019. the firm’s records showed a book balance of $14,426 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 $428. 2. three outstanding checks: check 7017 for $128, check 7098 for $59, and check 7107 for $1,600. 3. a bank service charge of $24. 4. a deposit in transit of $861. 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.

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Teng corporation received a bank statement showing a balance of $14,900 as of october 31, 2019. the...
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