On october 31, 2021, damon company’s general ledger shows a checking account balance of $8,442. the company’s cash receipts for the month total $74,620, of which $71,370 has been deposited in the bank. in addition, the company has written checks for $72,512, of which $71,252 has been processed by the bank. the bank statement reveals an ending balance of $12,822 and includes the following items not yet recorded by damon: bank service fees of $300, note receivable collected by the bank of $6,500, and interest earned on the account balance plus from the note of $1,070. after closer inspection, damon realizes that the bank incorrectly charged the company’s account $900 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.)