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Return to question Teng Corporation received a bank statement showing a balance of $15,000 as of October 31, 20xt. The firm's records showed a book balance of $14.508 on October 31. The difference between the two balances was caused by the following tem 1. A debit memorandum for an NSF check from Richard Wolf for $430 2. Three outstanding checks Check 2017 for $130. Check 7098 for $61. and Check 7107 tot 31620 3. A bank service charge of 526 4. A deposit in transit of $963 Required: Prepare the adjusted bank bwance section and the adjunted book balance section of the bank recoriciliation statement 2. Prepare the necessary journal entries for the year 20X1 Answer is not complete Complete this question by entering your answers in the tabs below. Bank Rec General Touma Prepare the necessary journal entries for the year 20X1. (If no entry is required for a particular transaction, select "No journal entry required in the first account feld) Dute General Journal Dehit Credit aan 21 Net Answer is not complete. Complete this question by entering your answers in the tabs below. Bank Rec General Journal Prepare the adjusted bank balance section and the adjusted book balance section of TENG CORPORATION Bank Reconciliation Statement October 31, 20X1 Balance on bank statement $ 15,000 Additions: Deposit in transit 863 $ 15,863 130 Deductions for outstanding checks: Check 7017 Check 7098 Check 7107 >> 61 1,620 1,811 Total outstanding checks Adiutor han halanra 14 052