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.

The October bank reconciliation for Johnson Corporation is prepared below

Explanation:

Johnson Corporation  Bank Reconciliation Schedule  Oct-31

Cash Balance from Bank Statement                          $22,381

Add:  Deposit in Transit                                $855

Less: Outstanding Checks                              $1,222

Adjusted Cash Balance                                           $22,014

Cash Balance from Company records                          $22,025

Add:  Error in recording check ($973- $379)         $594

Less: Service Charge & NSF Check ($125 + $480)  $605  

Adjusted Cash Balance                                                   $22,014

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.