Write your answer in the space provided or on a separate sheet of paper on October 31, 2018, the bank statement for the checking account of Hollybuster Video shows a balance of 1570, while the company's records show a balance of $10,858. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,120. b. The October 31 cash receipts of $575 are not deposited in the bank until November. c. One check written in payment of utilities for $1is is correctly recorded by the bank but is recorded by Hollybuster as a disbursement of $155. d. In accordance with prior authorization, the bank withdraws $500 directly from the checking account as payment on a note payable. The interest portion of that payment is $50 and the principal portion is Hollybuster has not recorded the direct withdrawal. e. Bank service fees of $50 are listed on the bank statement. f. A deposit of $782 is recorded by the should g. The bank statement includes a fee of $105 for an NSF check. The check is returned with the bank statement and the company will seek payment from the customer. $450. bank on October 13, but it did not belong to Hollybuster. The deposit have been made to the checking account of Videos Unlimited, a separate company Required: 1. Prepare a bank reconciliation for the Hollybuster checking account on October 31, 2018. 2. Record the necessary cash adjustments