TB Problem Static The Fitzgerald Company maintains a
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 bank statement included the following information:
The company's general ledger cash checking account had a balance of $ at the end of October. Deposits outstanding totaled
$ and all checks written by the company were processed by the bank except for those totaling $ In addition, a check for
$ for the purchase of office furniture was incorrectly recorded by the company as a $ 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.
