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On October 31, 2024, the bank statement for the cash account of Cousins Video shows a balance of $12,976, while the company's records show a

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On October 31, 2024, the bank statement for the cash account of Cousins Video shows a balance of $12,976, while the company's records show a cash balance of $12,351. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,250. b. The October 31 cash receipts of $805 are not deposited in the bank until November 2. c. The EFT payment for utilities of $141 is correctly recorded by the bank but is recorded by Cousins as a disbursement of $411. d. In accordance with prior authorization, the bank withdraws $554 directly from the account as payment on a note payable. The interest portion of that payment is $54 and the principal portion is $500. Cousins has not recorded the direct withdrawal. e. Bank service fees of $28 are listed on the bank statement. f. A deposit of $571 is recorded by the bank on October 13 , but it did not belong to Cousins. The deposit should have been made to the account of Hollybuster Video, a separate company. 9. The bank statement includes a charge of $79 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 reconcillation for the Cousins checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for the Cousins checking account on October 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet 2 Record the amounts that increase cash. Note: Enter debits before credits

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