On October $31,2024,$ Crowe Company's general ledger shows a cash account balance of $$8,454.$ The company's cash receipts for the month total $$74,700,$ of which $$71,390$ has been deposited in the bank. In addition, the company has written checks for $$72,524,$ of which $$71,324$ has been processed by the bank.

The bank statement reveals an ending balance of $$13,114$ and includes the following items not yet recorded by Crowe: bank service fees of $$340,$ note receivable collected by the bank of $$6,900,$ and interest earned on the note of $$1,270.$ After closer inspection, Crowe realizes that the bank incorrectly charged the company's account $$1,060$ 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.