Exercise 4-44 (Algorithmic) Bank Recondition Johnson Corporation's bank statement for October reports an ending balance of $21,537, whereas Johnson's cash account shows a balance of $21,121 on October 31. The following additional information is available: a. A $795 deposit made on October 31 was not recorded by the bank until November b. At the end of October, outstanding checks total $1,222 c. The bank statement shows bank service charges of $125 not yet recorded by the company d. The company erroneously recorded as $973 a check that it had actually written for $379, it was correctly processed by the bank. e. 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 23.03 X Addi Deposit in transit 955 x Less Outstanding checks Adjusted cash balance Cash balance from company records 23.877 X Add: Error in recording check 394 Less: Service charge 125 NSF check 605 1.222 23,066 X 450 Adjusted cash balance 23.066 X Chuy Bare reconciliation is the process of comparing the concerts and the better words, and writing them 2. What amount will be reported as cash on the October 31 balance sheet 85,737 X OM 2. Set up a Taccount for cash. The beginning balance is the pre-reconciliation once from the couring records. Alustuseguired for tractions con recorded by the bank that have not yet been included in the accounting records Foto Check My Won Partially correct