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 , 2018 Deposits Checks processed 32,780 90,500 (79,700) Service charges NSF checks (440) (1,690) Monthly loan payment deducted directly by bank from account (includes $490 in interest) (4,390) 37,060 Balance, October 31, 2018 The company's general ledger cash (checking) account had a balance of $42,715 at the end of October. Deposits outstanding totaled $4,314, and all checks written by the company were processed by the bank except for those totaling $5,710. In addition, a check for $590 for the purchase of office furniture was incorrectly recorded by the company as a $59 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