When Carla Vista Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $15,412 as at October 31. Carla Vista's general ledger showed a cash balance of $18,830 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. Bank service and credit card charges for the month were $7. 2. Acheque, in the amount of $620, from one of Carla Vista's customers that had been deposited during the last week of October was returned with the bank statement as "NSE." 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $860 but had been incorrectly recorded in the general ledger as $680. 4. Carla Vista had written and mailed out cheques with a value of $2,870 that had not yet cleared the bank account. 5. During the month, the bank collected a $1,100 note receivable plus the outstanding interest of $99 on behalf of Carla Vista. The interest had already been accrued. 6. The cash receipts for October 31 amounted to $6,680 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. Your answer is partially correct. Prepare the bank reconciliation at October 31. (List items that increase balance as per bank & books first.)ndows CARLA VISTA HOLDINGS LTD. CARLA VISTA HOLDINGS LTD. Bank Reconciliation October 31 Cash balance per bank statement $ Add v Deposits in transit 6880 Less V: Outstanding cheques V 2870 Reconciled cash balance per bank $ Cash balance per books $ Add : Note receivable collections $ 1100 Activate Windows Prepare any journal entries required from the 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 Ofor the amounts.) Debit Credit Date Account Titles and Explanation Oct. 31 (To record EFT collections) Cash 1199 Accounts Receivable 115 (To record account receivable) Utilities Expense 180 Cash 1 (To adjust cheque #3421) 31 Bank Charges Expense 7