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On October 31,2024 , the bank statement for the cash account of Cousins Video shows a balance of $12,962, 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 $12,962, while the company's records show a cash balance of $12,311. Information that might be useful in preporing a bank reconcillation is as follows: a. Outstanding checks are $1,210. b. The October 31 cash recelpts of $765 are not deposited in the bank until November 2. c. The EFT payment for utilities of $133 is correctly recorded by the bank but is recorded by Cousins as a disbursement of $313. d. In accordance with prior authorizotion, the bonk withdraws $446 directly from the account os payment on a note payable. The interest portion of that payment is $46 and the principal portion is $400. Cousins has not recorded the direct withdrawal. e. Bank service fees of $20 are listed on the bank statement. 1. A deposit of $563 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 $71 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. Required: 1. Prepare a bank reconciliation 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 reconcllation for the Cousins checking account on October 31, 2024. (Amounts to be deducted should be Indicated with a minus sign.) Journal entry worksheet Note: tnter debits Defore credits: Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits

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