5 2.5 points 03:29:56 eBook Prot References Exercise 4-11 (Algo) Calculate the balance of cash using a bank reconciliation (LO4-5) On October 31, 2024, Gibson Company's general ledger shows a cash account balance of $8,457. The company's cash receipts for the month total $74,720, of which $71,395 has been deposited in the bank. In addition, the company has written checks for $72.527, of which $71,342 has been processed by the bank. The bank statement reveals an ending balance of $13,187 and includes the following items not yet recorded by Gibson: bank service fees of $350, note receivable collected by the bank of $7,000, and interest earned on the note of $1,320. After closer inspection, Gibson realizes that the bank incorrectly charged the company's account $1,100 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, 2024, 2. Record the necessary entries to adjust the balance for cash. Complete this question by entering your answers in the tabs below. 12.5 points 03:20 40 Complete this question by entering your answers in the tabs below. Required 1 Required 21 Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) eBook Bank Reconciliation October 31, 2024 Print Bank's Cash Balance References Por bank statement Per general ledger i Company's Cash Balance Bank balance por reconciliation Company balance per reconcilation Required t Required 2 > 5 12.5 points 03:29:26 Record the necessary entries to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet eBook Print References 1 2 Record the amounts that increase cash. Note: Enter debits before credits Date October 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal