Saved Help Save & C company will seek payment from the customer Required: 1. Prepare a bank reconciliation for the Blockwood checking account on October 31, 2018. (Amounts to be deducted should be indicated with a minus sign.) BLOCKWOOD VIDEO Bank Reconciliation October 31, 2018 Company's Cash Balance 12,660 Per general ledger Bank's Cash Balance Per bank statement $ Bank balance per reconciliation Company balance per reconciliation 0 Seved Help Save & Exit Check Required information [The following information applies to the questions displayed below.) On October 31, 2018, the bank statement for the checking account of Blockwood Video shows a balance of $12,660, while the company's records show a balance of $12,306. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,205. b. The October 31 cash receipts of $760 are not deposited in the bank until November 2. c. One check written in payment of utilities for $132 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $213. d. In accordance with prior authorization, the bank withdraws $645 directly from the checking account as payment on a note payable. The interest portion of that payment is $45 and the principal portion is $600. Blockwood has not recorded the direct withdrawal. e. Bank service fees of $19 are listed on the bank statement. 1. A deposit of $562 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 $70 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, 2018. (Amounts to be deducted should be indicated with a minus sign.) BLOCKWOOD VIDEO