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 $300 in interest) Balance, October 31, 2018 $ 32,590 81,000 (70,200) (250) (1,500) (2,300) $ 39, 340 The company's general ledger cash (checking) account had a balance of $42.354 at the end of October. Deposits outstanding totaled $4,124, and all checks written by the company were processed by the bank except for those totaling $5,520. In addition, a check for $400 for the purchase of office furniture was incorrectly recorded by the company as a $40 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. 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 Prepare the necessary journal entries at the end of October to adjust the general ledger cash account. (1 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