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20 (The following information applies to the questions displayed below On October 31, 2018, the bank statement for the checking account of Blockwood Video while
20 (The following information applies to the questions displayed below On October 31, 2018, the bank statement for the checking account of Blockwood Video while the company's records show a balance of $12,356 Information that might be useful in preparing a bank reconciliation is as follows shows a balance of $13,079, 0 a Outstanding checks are $1,255 b The October 31 cash receipts of $810 are not deposited in the bank until November 2 One check written in payment of utilities for $142 is correct y recorded by the bank but is recorded by Blockwood as a disbursement of $412 d. In accordance with prior authorization, the bank withdraws $455 directly from the checking account as payment on a note payable. The interest portion of that payment is $55 and the principal portion is $400 Blockwood has not recorded the direct withdrawal e Bank service fees of $29 are listed on the bank statement r A deposit of $572 Is recorded by the bank on October 13, but It did not belong to Blockwood The deposit should have been made to the checking account of Hollybuster Video, a separate company g The bank statement includes a charge of $80 for an NSF check The check is returned the company wil seek payment from the customer with the bank statement, and 16. d checking account on October 31 2018 (Amounts to be
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