On October $31,2024,$ Glbson Company's general ledger shows a cash account balance of $$8,403.$ The On October $31,2024,$ Glbson Company's general ledger shows a cash account balance of $$8,403.$ The

company's cash recelpts for the month total $$74,360,$ of which $$71,305$ has been deposited in the bank. In

addition, the company has written checks for $$72,473,$ of which $$71,018$ has been processed by the bank.

The bank statement reveals an ending balance of $$11,873$ and Includes the following items not yet recordec

by GIbson: bank service fees of $$170,$ note recelvable collected by the bank of $$5,200,$ and interest earned

on the note of $$420.$ After closer inspection, Glbson realizes that the bank Incorrectly charged the

company's account $$380$ for an automatic withdrawal that should have been charged to another customer's

account. The bank agrees to the error.

Required: $$

Prepare a bank reconcillation to calculate the correct ending balance of cash on October $31,2024.$

Record the necessary entrles to adjust the balance for cash.

Complete this question by entering your answers in the tabs below.

Record the necessary entries to adjust the balance for cash. $($If no entry is required for a transaction$/$event$,$ sele

Required" in the first account field.$)$

Journal entry worksheet

Record the amounts that increase cash.

Note: Enter debits before credits. On October $31,2024,$ Glbson Company's general ledger shows a cash account balance of $$8,403.$ The

company's cash recelpts for the month total $$74,360,$ of which $$71,305$ has been deposited in the bank. In

addition, the company has written checks for $$72,473,$ of which $$71,018$ has been processed by the bank.

The bank statement reveals an ending balance of $$11,873$ and Includes the following items not yet recorded

by Glbson: bank service fees of $$170,$ note recelvable collected by the bank of $$5,200,$ and interest earned

on the note of $$420.$ After closer Inspection, Glbson realizes that the bank Incorrectly charged the

company's account $$380$ for an automatic withdrawal that should have been charged to another customer's

account. The bank agrees to the error.

Requlred:

Prepare a bank reconcillation to calculate the correct ending balance of cash on October $31,2024.$

Record the necessary entrles to adjust the balance for cash.

Complete this question by entering your answers in the tabs below.

Record the necessary entries to adjust the balance for cash. $($If no entry is required for a transaction$/$event$,$ selec

Required" in the first account field.$)$

Journal entry worksheet

Record the amounts that decrease cash.

Note: Enter debits before credits.

company's cash recelpts for the month total $$74,360,$ of which $$71,305$ has been deposited in the bank. In

addition, the company has written checks for $$72,473,$ of which $$71,018$ has been processed by the bank.

The bank statement reveals an ending balance of $$11,873$ and includes the following items not yet recorded by

Glbson: bank service fees of $$170,$ note recelvable collected by the bank of $$5,200,$ and interest earned on the

note of $$420.$ After closer inspection, Glbson realizes that the bank Incorrectly charged the company's account

$$380$ for an automatic withdrawal that should have been charged to another customer's account. The bank

agrees to the error.

Required:

Prepare a bank reconciliation to calculate the correct ending balance of cash on October $31,2024.$

Record the necessary entries to adjust the balance for cash.

Complete this question by entering your answers in the tabs below.

Required $1$

Prepare a bank reconciliation to calculate the correct ending balance of cash on October $31,2024.($Amounts to be de

should be indicated with a minus sign.$)$