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	$	32,770
Deposits		90,000
Checks processed		(79,200	)
Service charges		(430	)
NSF checks		(1,680	)
Monthly loan payment deducted
directly by bank from account
(includes $480 in interest)		(4,280	)
Balance, October 31, 2018	$	37,180

The companys general ledger cash (checking) account had a balance of $42,696 at the end of October. Deposits outstanding totaled $4,304, and all checks written by the company were processed by the bank except for those totaling $5,700. In addition, a check for $580 for the purchase of office furniture was incorrectly recorded by the company as a $58 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.

Required 1 Required 2 Prepare a bank reconciliation for the month of October. Fitzgerald Company's Bank Reconciliation Balance per bank statement Add: Checks outstanding Deduct: NSF checks Service charges Corrected cash balance Balance per books Deduct: Corrected cash balance