On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. In addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank points The bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by Damon: bank service fees of $310, note receivable collected by the bank of $6,600, and interest earned on the account balance plus from the note of $1,120. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $940 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error. eBook Print References 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.) Bank's Cash Balance DAMON COMPANY Bank Reconciliation October 31, 2021 Company's Cash Balance 12.89 Por general ledger 3.265 Note received 90 Interest earned (1,245) Service fees $ Per bank statement Deposits outstanding Bank error Checks outstanding Bank balance per reconciliation $ 15,855 Company balance per reconciliation 15,855 3 View transaction St Journal entry worksheet 30 points Record the amounts that increase cash. eBook Print References Note: Enter debits before credits Date General Journal Credit October 31, Debit 7,720 Cash 2021 Interest Revenue Notes Receivable Record entry Clear entry View general Journal View transaction List Journal entry worksheet 30 points Record the amounts that decrease cash. cBook Print References Note: Enter debits before credits General Journal Debit Credit Date October 31, 2021 Record entry Clear entry View general Journal