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(The following information applies to the questions displayed beiow) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows

 

Required: 1. Prepare a bank reconciliation for the Blockwood checking account on October 31, 2021. (Amoun indicated with a mi  

(The following information applies to the questions displayed beiow) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,953, while the company's records show a balance of $12,296. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,245 b. The October 31 cash receipts of $750 are not deposited in the bank until November 2. c. One check written in payment of utilities for $130 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $310. d. In accordance with prior authorization, the bank withdraws $443 directly from the checking account as payment an a note payable. The interest portion of that payment is $43 and the principal portion is $400. Blockwood has not recorded the direct withdrawal. e. Bank service fees of $17 are listed on the bank statement. f. A deposit of $560 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 $68 for an NSF check. 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 Blockwood checking account on October 31, 2021. (Amoun indicated with a minus sign.) BLOCKWOOD VIDEO Bank Reconciliation October 31, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation

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