On October 31, 2021, the bank statement for a company shows a balance of $12,384, while the company's records show a balance of $8,424. Information that might be useful in preparing a bank reconciliation follows: --The company's cash receipts for the month total $74,500, of which $71,340 has been deposited in the bank. --The company has written checks for $72,494, of which $71,144 has been processed by the bank. --Bank service fees of $240 are listed on the bank statement. --In accordance with prior authorization, the bank collected a note receivable of $5,900 and Interest earned on the note of $770. --The bank made an automatic withdrawal in error of $660 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 slgn.) DAMON COMPANY Bank Reconciliation October 31, 2021 Company's Cash Balance 12,384 Per general ledger 3,160 Service fees (1,350) Note received 660 Interest earned S Bank's Cash Balance Per bank statement Deposits outstanding Checks outstanding Bank error S 8,424 (240) 5,900 770 Bank balance per reconciliation Company balance per reconciliation S 14,854 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 View journal entry worksheet No General Journal Debit Credit Date October 31, 2021 Cash 1 Notes Receivable 2 October 31, 2021 Cash Interest Revenue