8 Required information The following information applies to the questions displayed below) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12.976, while the company's records show a balance of $12,351. Information that might be useful in preparing a bank reconciliation is as follows: Part 1 of 2 10 points 00:25:51 a. Outstanding checks are $1.250. b. The October 31 cash receipts of $805 are not deposited in the bank until November 2 One check written in payment of utilities for $141 is correctly recorded by the bank but is recorded by Blockwood as a d. in accordance with prior authorization, the bank withdraws $554 directly from the checking account as payment on a note payable. The interest portion of that payment is $54 and the principal portion is $500 Blackwood has not recorded the direct withdrawal e Bank service fees of $28 are listed on the bank statement t. A deposit of $571s 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 o The bank statement includes a charge of 579 for an NSF check. The check is returned with the bank statement, and the company will seek payment from the customer ebook A Print Required: 1. Prepare a bank reconciliation for the Blockwood checking account on October 31 2021 (Amounts to be deducted should be indicated with a minus sign) Deferences Bank's Cash Balanco Per bank statement Deposits outstanding Check outstanding BLOCKWOOD VIDEO Bank Reconciliation October 31, 2021 Company's Cash Balance 12.97 Po general ledger 805 Services 12,351 M G