The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2018, bank statement included the following information: Balance, October 1, 2018 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted directly by bank from account (includes $350 in interest) Balance, October 31, 2018 $ 32, 640 83,500 (72, 700) (300) (1,550) (2, 850) $ 38, 740 The company's general ledger cash (checking) account had a balance of $42,449 at the end of October. Deposits outstanding totaled $4,174, and all checks written by the company were processed by the bank except for those totaling $5,570. In addition, a check for $450 for the purchase of office furniture was incorrectly recorded by the company as a $45 disbursement. The bank correctly processed the check during October. Required: 1. Prepare a bank reconciliation for the month of October. 2. Prepare the necessary journal entries at the end of October to adjust the general ledger cash account. Required: 1. Prepare a bank reconciliation for the month of October. 2. Prepare the necessary journal entries at the end of October to adjust the general ledger cash account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the month of October. Fitzgerald Company's Bank Reconciliation Balance per bank statement Add: Deduct: Corrected cash balance Balance per books Deduct: Corrected cash balance Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary journal entries at the end of October to adjust the general ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the correction of error in cash disbursement. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary journal entries at the end of October to adjust the general ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
