Exercise 4-11 (Algo) Calculate the balance of cash using a bank reconciliation (LO4-5) On October 31, 2024, Crowe Company's general ledger shows a cash account balance of $8,418. The company's cash receipts for the month total $74,460, of which $71,330 has been deposited in the bank. In addition, the company has written checks for $72,488, of which $71,108 has been processed by the bank. The bank statement reveals an ending balance of $12,238 and includes the following items not yet recorded by Crowe: bank service fees of $220, note receivable collected by the bank of $5,700, and interest earned on the note of $670. After closer inspection, Crowe realizes that the bank incorrectly charged the company's account $580 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.)

Required: 1. Prepare a bank reconcillation 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. Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2024. (Amounts A be deducted should be indicated with a minus sign.) Exercise 4-11 (Algo) Calculate the balance of cash using a bank reconciliation (LO4-5) On October 31,2024, Crowe Company's general ledger shows a cash account balance of $8,418. The company's cash receipts for the month total $74,460, of which $71,330 has been deposited in the bank. In addition, the company has written checks for $72,488, of which $71,108 has been processed by the bank The bank statement reveais an ending balance of $12,238 and includes the following items not yet recorded by Crowe: bank service fees of $220, note recelvable collected by the bank of $5,700, and interest earned on the note of $670. After closer inspection, Crowe realizes that the bank incorrectly charged the company's account $580 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 reconcillation 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. 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.) 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. 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.)