Question 4 of 14 -/8 View Policies Current Attempt in Progress On October 31 Kingbird Ltd. received its bank statement from Provincial Bank. It stated that Kingbird had a balance of $8,430 at October 31. The company's general ledger showed a cash balance of $9,125 at that date. A comparison of the bank statement and the accounting records revealed the following information: Bank service charges for the month were $50. The company had written and mailed out cheques with a value of $1.460 that had not yet cleared the bank. A cheque from one of Kingbird's customers in the amount of $880 that had been deposited during the last week of October was returned with the bank statement as NSF. An electronic funds transfer payment (EFT) of $255 for monthly insurance expense was automatically deducted from Kingbird's bank account on October 22 Kingbird's bookkeeper had forgotten to record this transaction During the month, the company's bookkeeper had recorded a cheque (*1872) pald for utilities as $585 rather than $855 (which was the amount written on the cheque and processed by the bank), The cash receipts for October 31 amounted to $700 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October . Prepare the bank reconciliation for Kingbird at October 31 Bank Reconciliation October 31 -78 Prepare the bank reconciliation for Kingbird at October 31 Bank Reconciliation October 31 $ 3 $ 5 . 3 : : What should Kingbird report on its Balance sheet at October 31 - What cash should Kingbird report on its Balance Sheet as at October 31 The cash reported on the Balance Sheet at October 31 $ Prepare the journal entries necessary as a result of the bank reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit (To record bank charges) To record NSF cheque) To record EFT To co Chege 1872)