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Exercise 9.5 (Algo) Preparing a bank reconciliation statement. LO 9-9, 9-10 Jordan Corporation received a...

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Exercise 9.5 (Algo) Preparing a bank reconciliation statement. LO 9-9, 9-10 Jordan Corporation received a bank statement showing a balance of $14,800 as of October 31, 20X1. The firm's records showed a book balance of $14,344 on October 31 . The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from James West for $426. 2. Three outstanding checks: Check 7017 for $126, Check 7098 for $57, and Check 7107 for $1,580. 3. A bank service charge of $22. 4. A deposit in transit of $859. The deposit was made on October 31 using the bank's ATM machine after the bank had closed. Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. Also prepare the necessary journal entry for the year 201

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