ezto meducation.com YouTube Maps Net Lead the Way Wak... er 4 HW 2 Saved 1 On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8.403. The company's cash receipts for the month total $74,360, of which $71,305 has been deposited in the bank. In addition, the company has written checks for $72.473, of which $71,018 has been processed by the bank. The bank statement reveals an ending balance of $11,873 and includes the following items not yet recorded by Damon: bank service fees of $170, note receivable collected by the bank of $5,200, and interest earned on the account balance plus from the note of $120. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $380 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error. sk es Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) DAMON COMPANY Bank Reconciliation October 31, 2021 Company's Cash Balance Per general ledger Bank's Cash Balance Per bank statement Bank balance per reconciliation Company balance per reconciliation Chapter 4 HW 2 14 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 6.25 points Journal entry worksheet eBook Type here to search