The bank statement reveals an ending balance of $12,165 and includes the following items not yet recorded by Affleck: bank service fees of $210, note receivable collected by the bank of $5,600, and interest earned on the note of $620. After closer inspection, Affleck realizes that the bank incorrectly charged the company’s account $540 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, 2024.
2. Record the necessary entries to adjust the balance for cash.

  

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Bank's Cash Balance Per bank statement Bank balance per reconciliation Bank Reconciliation October 31, 2024 Company's Cash Balance Per general ledger Company balance per reconciliation Required 1 Required 2 >