On October 31, 2021, Damon Company's general ledger shows a checking account balance of $8,412. The company's cash receipts for the month total $74,420, of which $71,320 has been deposited in the bank. In addition, the company has written checks for $72,482, of which $71,072 has been processed by the bank. The bank statement reveals an ending balance of $12,092 and includes the following items not yet recorded by Damon: bank service fees of $200, note receivable collected by the bank of $5,500, and interest earned on the account balance plus from the note of $570. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $500 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 12,092 Per general ledger 3,025 Note received (1,485) 500 Service fees $ Bank's Cash Balance Per bank statement Deposits outstanding Checks outstanding Bank error $ 8,412 5,500 570 (150) Bank balance per reconciliation $ 13,567 Company balance per reconciliation $ 13,567 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 Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Date General Journal Debit Credit October 31. 2021 Cash Interest Revenue Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 > N Record the amounts that decrease cash. Note: Enter debits before credits. Date General Journal Debit Credit October 31, 2021 Cash 200 Record entry Clear entry View general journal