On October 31, 2015, the bank statement for the checking account of Blockwood Video shows a balance of $12,818, while the companys records show a balance of $12,326. Information that might be useful in preparing a bank reconciliation is as follows:

a.

Outstanding checks are $1,225.

b.

The October 31 cash receipts of $780 are not deposited in the bank until November 2.

c.

One check written in payment of utilities for $136 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $163.

d.

In accordance with prior authorization, the bank withdraws $449 directly from the checking account as payment on a note payable. The interest portion of that payment is $49 and the principal portion is $400. Blockwood has not recorded the direct withdrawal.

e.

Bank service fees of $23 are listed on the bank statement.

f.

A deposit of $566 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 $74 for an NSF check. The check is returned with the bank statement, and the company will seek payment from the customer.

1.	Prepare a bank reconciliation for the Blockwood checking account on October 31, 2015. 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)