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Johnson Corporation's bank statement for October reports an ending balance of $24,321, whereas Johnson's cash account shows a balance of $24,000 on October 31.

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Johnson Corporation's bank statement for October reports an ending balance of $24,321, whereas Johnson's cash account shows a balance of $24,000 on October 31. The following additional information is available: a. A $890 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 Adjusted cash balance Cash balance from company records: Less Adjusted cash balance 100

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