On october 31, 2015, damon company's general ledger shows a checking account balance of $8,445. the company's cash receipts for the month total $74,640, of which $71,375 has been deposited in the bank. in addition, the company has written checks for $72,515, of which $71,270 has been processed by the bank. the bank statement reveals an ending balance of $12,895 and includes the following items not yet recorded by damon: bank service fees of $310, note receivable collected by bank of $6,600, and interest earned on the account balance plus from the note of $1,120. after closer inspection, damon realizes that the bank incorrectly charged the company's account $940 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 31,2015.