Exercise 9.4 (Static) Determining an adjusted bank balance. LO 9-5, 9-6 Johnson Corporation received a bank statement showing a balance of $15,900 as of October 31, 20X1. The firm's records showed a book balance of $15,572 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Mike Hart for $342. 2. Three outstanding checks: Check 7017 for $134, Check 7098 for $45, and Check 7107 for $1,560. 3. A bank service charge of $12. 4. A deposit in transit of $1,057. Required: 1. Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconcilation statement. 2. Prepare the necessary journal entries for the year 20X1. Complete this question by entering your answers in the tabs below. Bank Rec General Journal

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