On October $31,2024,$ Crowe Company's general ledger shows a cash account balance of $$8,436.$ The company's cash receipts for the month total $$74,580,$ of which $$71,360$ has been deposited in the bank. In addition, the company has written checks for $$72,506,$ of which $$71,216$ has been processed by the bank.

The bank statement reveals an ending balance of $$12,676$ and includes the following items not yet recorded by Crowe: bank service fees of $$280,$ note receivable collected by the bank of $$6,300,$ and interest earned on the note of $$970.$ After closer inspection, Crowe realizes that the bank incorrectly charged the company's account $$820$ 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.

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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.$)$

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