Chapter 4 Internal Controls & Cash 5 15 points Book Print References On October 31, 2024, Crowe Company's general ledger shows a cash account balance of $8,454. The company's cash receipts for the month total $74,700, of which $71,390 has been deposited in the bank. In addition, the company has written checks for $72,524, of which $71,324 has been processed by the bank. The bank statement reveals an ending balance of $13,114 and Includes the following items not yet recorded by Crowe: bank service fees of $340, note receivable collected by the bank of $6,900, and interest earned on the note of $1,270. After closer inspection, Crowe realizes that the bank Incorrectly charged the company's account $1,060 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. Required 1 Required 2 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.) Bank's Cash Balance Per bank statement Bank Reconciliation October 31, 2024 Company's Cash Balance Per general ledger Bank balance per reconciliation. Company balance per reconciliation Chapter 4 Internal Controls & Cash 5 15 points Seved Bk D Pret On October 31, 2024, Crowe Company's general ledger shows a cash account balance of $8,454. The company's cash receipts for the month total $74,700, of which $71,390 has been deposited in the bank. In addition, the company has written checks for $72,524, of which $71,324 has been processed by the bank. The bank statement reveals en ending balance of $13,114 and includes the following items not yet recorded by Crowe: bank service fees of $340, note receivable collected by the bank of $6,900, and Interest earned on the note of $1,270. After closer inspection, Crowe realizes that the bank incorrectly charged the company's account $1,060 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. Required 1 quired 2 Record the necessary entries to adjust the balence for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transactions Journal entry worksheet Record the amounts that increase cash, Note: Enter dets before res Date October 31, 2024 General Journal Debi Credit Hacent entor Clear entry