37 On October 31, Year 1. A company general ledger shows a checking account balance of $8,412. The company's cash receipts for the month total $74,420, of which $71,320 has been deposited in the bank. In addition, the company has written checks for $72,482, of which $71,072 has been processed by the bank. 00:45:56 The bank statement reveals an ending balance of $12,092 and includes the following items not yet recorded by the company bank service fees of $200, note receivable collected by the bank of $5,500, and interest earned on the account balance plus from the note of $570. After closer inspection, the company realizes that the bank incorrectly charged the company's account $500 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, Year 1. (Amounts to be deducted should be indicated with a minus sign.) Bank Recondition October 21 Yean Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation 2. Record the necessary entries to adjust the balance for cash (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the amounts that increase cash Hotel Enter debits before credits Date Gottoral Journal 2. Record the necessary entries to adjust the balance for cash. (If no entry is required for a transaction/event, se Entry Required" in the first account field.) View transaction list Journal entry worksheet