On October 31, 2021, the bank statement for a company shows a balance of $12.238, while the company's records show a balance of 58.418. Information that might be useful in preparing a bank reconciliation follows: --The company's cash receipts for the month total $74,460, of which $71,330 has been deposited in the bank --The company has written checks for $72,488, of which $71308 has been processed by the bank -- In accordance with prior authorization, the bank collected a note receivable of $5.700 and interest earned on the note of $670, -The bank made an automatic withdrawal in error of $580 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.) 15 points 8 02:12:51 DAMON COMPANY Bank Reconciliation Cetober 31, 2021 Bank's Cash Balance Per bank statem Company's Cash Balance Per generale Bank balance per reconciliation Company balance per reconciliation 2. Record the necessary entries to adjust the balance for cash. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet Record the amounts that increase cash Note Enter debit before create General Journal Debit Credit Date October 31 2021