On October 31, 2021, the bank statement for a company shows a balance of $12,895, while the company's records show a balance of $8,445. Information that might be useful in preparing a bank reconciliation follows: -The company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. -The company has written checks for $72,515, of which $71,270 has been processed by the bank. -Bank service fees of $310 are listed on the bank statement. -In accordance with prior authorization, the bank collected a note receivable of $6,600 and interest earned on the note of $1,120. -The bank made an automatic withdrawal in error of $940 that should have been charged to different 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.) Bank's Cash Balance Per bank statement DAMON COMPANY Bank Reconciliation October 31, 2021 Per general ledger Company's Cash Balance 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 list Journal entry worksheet < 1 2 Record the amounts that increase cash. Note: Enter debits before credits. Date October 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal