On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,433. The company's cash receipts for the month total $74,560, of which $71,355 has been deposited in the bank. In addition, the company has written checks for $72,503, of which $71,198 has been processed by the bank The bank statement reveals an ending balance of $12,603 and includes the following items not yet recorded by Damon: bank service fees of $270, note receivable collected by the bank of $6,200, and interest earned on the account balance plus from the note of $920. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $780 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.) Answer is complete and correct. DAMON COMPANY Bank Reconciliation October 31, 2021 Company's Cash Balance 12,603 Pergoeral ledger 3,205 Not received (1,305) Interesteamed 780 Service foes Bank's Cash Balance Perbanks Deposits outstanding Check outstanding Bank enor OOO 8,433 6.200 920 09 (270) Back balance per reconciliation $15.283 Company balance per recondition $ 15.28 go cod 44 % A @ 2 # 3 $ 4 & 7 6 8 9 0 Q W E R T Y U T o . S D F G H J 6.200 October 31, 2021 Cash Notes Receivable 8.200 2. October 31, 2021 Cash 920 Notes Receivable 3 920 90 909 BGB FS 10 $ 4 % 5 & 7 * 8 1 2 3 6 9 0 Q W E R Y U 0 P S D F G H. J L N C V B N. M all option command command