(Solved): On October 31,2024 , the bank statement for the cash account of Cousins Video shows a balance of \( ...

On October 31,2024 , the bank statement for the cash account of Cousins Video shows a balance of \( \$ 12,962 \), while the company's records show a cash balance of \( \$ 12,311 \). Information that might be useful in preporing a bank reconcillation is as follows: a. Outstanding checks are \( \$ 1,210 \). b. The October 31 cash recelpts of \( \$ 765 \) are not deposited in the bank until November 2. c. The EFT payment for utilities of \( \$ 133 \) is correctly recorded by the bank but is recorded by Cousins as a disbursement of \( \$ 313 \). d. In accordance with prior authorizotion, the bonk withdraws \( \$ 446 \) directly from the account os payment on a note payable. The interest portion of that payment is \( \$ 46 \) and the principal portion is \( \$ 400 \). Cousins has not recorded the direct withdrawal. e. Bank service fees of \( \$ 20 \) are listed on the bank statement. 1. A deposit of \( \$ 563 \) is recorded by the bank on October 13 , but it did not belong to Cousins. The deposit should have been made to the account of Hollybuster Video, a separate company. 9. The bank statement includes a charge of \( \$ 71 \) for an NSF check from a customer. The check is returned with the bank statement, and the company will seek payment from the customer. Required: 1. Prepare a bank reconcillation for the Cousins checking account on October 31, 2024. 2. Record the necessary cash adjustments. Required: 1. Prepare a bank reconciliation for the Cousins checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Prepare a bank reconcllation for the Cousins checking account on October 31, 2024. (Amounts to be deducted should be Indicated with a minus sign.) Journal entry worksheet Note: tnter debits Defore credits: Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits.