accounting

5 On October 21, 2018. Damon Company's general ledger shows a checking account balance of $8.442. The company's cash receipts for the month total $74,620, of which $71370 has been deposited in the bank. In addition, the company has written checks for $72,512, of which $71252 has been processed by the bank The bank statement reveals an ending balance of $12.822 and includes the following items not yet recorded by Damon: bank service fees of $300 note receivable collected by bank of $6,500, and interest earned on the account balance plus from the note of $1070. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $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, 2018. (Amounts to be deducted should be Indicated with a minus sign.) DAMON COMPANY Bank's Cash Balance Perbankan $ Otober 31, 2016 Company's Cash Balance 12.102 Pergende $ 300 Not moved intermed 3.250 Service [1,200 16712 Comercio 3442 5600 1.00 0001 Depostanding Checis tanding Bank condition 16.712 1 M Per Next > 2 Min Record the amounts that increase cash. Mences Note Ene before red General Journal Debit Credit Date October 31, 2018 Record entry Cinar entry View general Journal M Gr > 3 Print Record the amounts that decrease cash. References Note: Enter debita before credits General Journal Debit Credit Data October 31, 2018 Record entry Clear entry View general Journal