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, 2016, bank statement included the following information: Balance, October 1, 2016 Deposits $ 32,700 86,500 Checks processed (75,700) Service charges (360) NSF checks (1,610) Monthly loan payment deducted directly by bank from account (includes $410 in interest) Balance, October 31, 2016 (3,510) $ 38,020 The company's general ledger cash (checking) account had a balance of $42,563 at the end of October. Deposits outstanding totaled $4,234, and all checks written by the company were processed by the bank except for those totaling $5,630. In addition, a check for $510 for the purchase of office furniture was incorrectly recorded by the company as a $51 disbursement. The bank correctly processed the check during October.