On October 31, 2021, Damon Company's books show a checking account balance of $8,421. The company's cash receipts for the month total $74,480, of which $71,335 has been deposited in the bank. In addition, the company has written checks for $72,491, of which $71,126 has been processed by the bank. The bank statement reveals an ending balance of $12,311 and includes the following items not yet recorded by Damon: bank service fees of $230, note receivable collected by the bank of $5,800, and interest earned on the account balance plus from the note of $720 After closer inspection, Damon realizes that the bank incorrectly charged the company's account $620 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, 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 Por bank statement Bank balance per reconciliation Company balance per reconciliation