Problem 4 (E4-11) On October 31, Damon Company's general ledger shows a checking account balance of $8,397. The company's cash receipts for the month total $74,320, of which $71,295 has been deposited in sited in the bank. In addition, the company has written checks for $72,467, of which $70,982 has been processed by the bank. The bank statement reveals an ending balance of $11,727 and includes the following items not yet recorded by Damon: bank service fees of $150, note receivable collected by the bank of $5,000, and interest earned on the account balance plus from the note of $320. After closer inspection, Damon realizes that the bank incorrectly charged the company's account $300 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. 2. Record the necessary entry(ies) to adjust the balance for cash. Problem 5 (E4-13) T.L. Jones Trucking Services establishes a petty cash fund on April 3rd for $200. By the end of April, the fund has a cash balance of $97. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) $ 435 Entertainment (petty cash) 44 Stamps (petty cash) 59 Plumbing repair services (credit card) 630 Required: 1. Record the establishment of the petty cash fund on April 3rd. 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30th. 3. Record petty cash expenditures during the month