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 $31,2024,$ bank statement included the following information:

Balance, October $1,2024$ $ $32,690$

Deposits $86,000$

Checks processed $(75,200)$

Service charges $(350)$

NSF checks $(1,600)$

Monthly loan payment deducted directly by bank from account $($includes $$400$ in interest$)(3,400)$

Balance, October $31,2024$ $ $38,140$

The company$$s general ledger cash $($checking$)$ account had a balance of $$42,544$ at the end of October. Deposits outstanding totaled $$4,224,$ and all checks written by the company were processed by the bank except for those totaling $$5,620.$ In addition, a check for $$500$ for the purchase of office furniture was incorrectly recorded by the company as a $$50$ disbursement. The bank correctly processed the check during October.

Required:

Prepare a bank reconciliation for the month of October.

Prepare the necessary journal entries at the end of October to adjust the general ledger cash account.