Exercise 4-44 (Algorithmic) Bank Reconciliation

Johnson Corporation's bank statement for October reports an ending balance of $23,710, whereas Johnson's cash account shows a balance of $23,369 on October 31. The following additional information is available:

1. A $870 deposit made on October 31 was not recorded by the bank until November.
2. At the end of October, outstanding checks total $1,222.
3. The bank statement shows bank service charges of $125 not yet recorded by the company.
4. The company erroneously recorded as $973 a check that it had actually written for $379. It was correctly processed by the bank.
5. A $480 check from a customer, deposited by the company on October 29, was returned with the bank statement for lack of funds.

Required:

1. Prepare the October bank reconciliation for Johnson Corporation.

Johnson Corporation
Bank Reconciliation Schedule
October 31
Cash balance from bank statement		$fill in the blank 6d2e91fdb016fae_1
		fill in the blank 6d2e91fdb016fae_3
		fill in the blank 6d2e91fdb016fae_5
Adjusted cash balance		$fill in the blank 6d2e91fdb016fae_6
Cash balance from company records		fill in the blank 6d2e91fdb016fae_7
		fill in the blank 6d2e91fdb016fae_9
Less:
	$fill in the blank 6d2e91fdb016fae_11
	fill in the blank 6d2e91fdb016fae_13	fill in the blank 6d2e91fdb016fae_14
Adjusted cash balance		$fill in the blank 6d2e91fdb016fae_15

2. What amount will be reported as cash on the October 31 balance sheet? $fill in the blank 5e9f9bf90fd905d_1