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	$	32,640
Deposits		83,500
Checks processed		(72,700)
Service charges		(300)
NSF checks		(1,550)
Monthly loan payment deducted
directly by bank from account
(includes $350 in interest)		(2,850)
Balance, October 31, 2016	$	38,740

The companys 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.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Fitzgerald Company's Bank Reconciliation Balance per bank statement Add 38,740 Deposits outstanding Error in recording check 4,174 405.00 Deduct Checks outstanding 5,570 Corrected cash balance 37,749 Balance per books S 42,449 Deduct Automatic monthly loan payment NSF checks Service charges 2,850 1,550 300 Corrected cash balance 37,749 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 View journal entry worksheet No Transaction General Journal Debit Credit Receivable from factor 405 Cash 405 Miscellaneous expense Accounts receivable Note payable Interest expense 300 1,550 2,500 350 Cash 4,700