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 $13,079, while the companys records show a balance of $12,356. Information that might be useful in preparing a bank reconciliation is as follows:

a. Outstanding checks are $1,255. b. The October 31 cash receipts of $810 are not deposited in the bank until November 2. c. One check written in payment of utilities for $142 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $412. d. In accordance with prior authorization, the bank withdraws $455 directly from the checking account as payment on a note payable. The interest portion of that payment is $55 and the principal portion is $400. Blockwood has not recorded the direct withdrawal. e. Bank service fees of $29 are listed on the bank statement. f. A deposit of $572 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 $80 for an NSF check. The check is returned with the bank statement, and the company will seek payment from the customer.

Required information

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.)

2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)