On October 31, 2024, the bank statement for the cash account of Bellevue Incorporated shows a balance of $12,854, while the companys records show a cash balance of $12,341. Information that might be useful in preparing a bank reconciliation is as follows:

Outstanding checks are $1,240.

The October 31 cash receipts of $795 are not deposited in the bank until November 2.

The EFT payment for utilities of $139 is correctly recorded by the bank but is recorded by Bellevue as a disbursement of $193.

In accordance with prior authorization, the bank withdraws $452 directly from the account as payment on a note payable. The interest portion of that payment is $52 and the principal portion is $400. Bellevue has not recorded the direct withdrawal.

Bank service fees of $26 are listed on the bank statement.

A deposit of $569 is recorded by the bank on October 13, but it did not belong to Bellevue. The deposit should have been made to the account of Hollybuster Video, a separate company.

The bank statement includes a charge of $77 for an NSF check from a customer. The check is returned with the bank statement, and the company will seek payment from the customer.

Required: 1. Prepare a bank reconciliation for the Bellevue checking account on October 31, 2024. 2. Record the necessary cash adjustments.