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Required information The following information applies to the questions displayed below.) On October 31, 2021, the bank statement for the checking account of Blockwood Video

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Required information The following information applies to the questions displayed below.) On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12.985, while the company's records show a balance of $12,366. Information that might be useful in preparing a bank reconciliation is as follows a. Outstanding checks are $1.265 b. The October 31 cash receipts of $820 are not deposited in the bank until November 2 c. One check written in payment of utilities for $144 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $414. d. In accordance with prior authorization, the bank withdraws $557 directly from the checking account as payment on a note payable. The interest portion of that payment is $57 and the principal portion is $500. Blockwood has not recorded the direct withdrawal e Bank service fees of $31 are listed on the bank statement. f. A deposit of $574 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 $82 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 (Amounts to be deducted should be indicated with a minus sign.) BLOCKWOOD VIDEO Bank Reconciliation October 31, 2021 Company's Cash Balance Bank's Cash Balance Perbank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation

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