Johnson Corporation's bank statement for October reports an ending balance of $22,381, whereas Johnson's cash account shows a balance of $22,025 on October 31. The following additional information is available: A $855 deposit made on October 31 was not recorded by the bank until November. At the end of October, outstanding checks total $1,222. The bank statement shows bank service charges of $125 not yet recorded by the company. The company erroneously recorded as $973 a check that it had actually written for $379. It was correctly processed by the bank. A $480 check from a customer, deposited by the company on October 29, was returned with the bank statement for lack of funds.
Required:
Prepare the October bank reconciliation for Johnson Corporation.
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