On October 31, 2015 the bank statement for the checking account of Blockwood Video shows a balance of $12, 381. while the company's records show a balance of $12, 381. Information that might be useful in preparing a bank reconciliation is as following: Outstanding checks are $1, 280. The October 31 cash receipts of $835 are not deposited in the bank until November 2. One check written in payment of utilities for $147 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $174. In accordance with prior authorization, the bank withdraws $560 directly from the checking account as payment on a note payable. The interest portion of t payment $60 and the principal portion is $500. Blockwood has not recorded direct withdrawal. Bank service fees of $34 are listed on the bank statement. A deposit of $577 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. Prepare a bank reconciliation for the Blockwood checking account on October 31, 2015 Record the necessary cash adjustments