On October 31, 2021. Demon Company's general ledger shows a checking account balance of $8.400. The company's cash receipts for the month total $74,340, of which $71.300 has been deposited in the bank. In addition, the company has written checks for $72,470, of which $71.000 has been processed by the bank The bank statement reveals on ending balance of $11.800 and includes the following items not yet recorded by Demon: bank service fees of $160, note receivable collected by the bank of $5,100. and interest earned on the account balance plus from the note of $370. After closer inspection, Demon realizes that the benk incorrectly charged the company's account $340 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 Per bank statement Bank balance per reconciliation Company balance per reconciliation 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 let Journal entry worksheet