On October 31, 2024, the bank statement for the cash account of Goldfeather Video shows a...

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On October 31, 2024, the bank statement for the cash account of Goldfeather Video shows a balance of $12,827, while the company's records show a cash balance of $12.371. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,270. b. The October 31 cash receipts of $825 are not deposited in the bank until November 2. c. The EFT payment for utilities of $145 is correctly recorded by the bank but is recorded by Goldfeather as a disbursement of $154. d. In accordance with prior authorization, the bank withdraws $458 directly from the account as payment on a note payable. The interest portion of that payment is $58 and the principal portion is $400. Goldfeather has not recorded the direct withdrawal. e. Bank service fees of $32 are listed on the bank statement. f. A deposit of $575 is recorded by the bank on October 13, but it did not belong to Goldfeather. The deposit should have been made to the account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $83 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 reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 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.) View transaction list View journal entry worksheet e. Bank service fees of $32 are listed on the bank statement. f. A deposit of $575 is recorded by the bank on October 13, but it did not belong to Goldfeather. The deposit should have been made to the account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $83 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 reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the Goldfeather checking account on October 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Bank's Cash Balance Per bank statement GOLDFEATHER VIDEO Bank Reconciliation October 31, 2024 Company's Cash Balance $ 12,371) $ 12,827 Per general ledger Checks outstanding Bank error Bank balance per reconciliation 300 000 $ 12,827 Company balance per reconciliation Required Required 2 > 0000 10000 1,270 575 $12,827 Required: .Prepare a bank reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 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.) No Transaction General Journal 1 1 Cash Service Fee Expense 2 2 Service Fee Expense Service Fee Expense Cash Required 1 Required 2 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted Debit Credit 9 32 83 115 9 On October 31, 2024, the bank statement for the cash account of Goldfeather Video shows a balance of $12,827, while the company's records show a cash balance of $12.371. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,270. b. The October 31 cash receipts of $825 are not deposited in the bank until November 2. c. The EFT payment for utilities of $145 is correctly recorded by the bank but is recorded by Goldfeather as a disbursement of $154. d. In accordance with prior authorization, the bank withdraws $458 directly from the account as payment on a note payable. The interest portion of that payment is $58 and the principal portion is $400. Goldfeather has not recorded the direct withdrawal. e. Bank service fees of $32 are listed on the bank statement. f. A deposit of $575 is recorded by the bank on October 13, but it did not belong to Goldfeather. The deposit should have been made to the account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $83 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 reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 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.) View transaction list View journal entry worksheet e. Bank service fees of $32 are listed on the bank statement. f. A deposit of $575 is recorded by the bank on October 13, but it did not belong to Goldfeather. The deposit should have been made to the account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $83 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 reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation for the Goldfeather checking account on October 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Bank's Cash Balance Per bank statement GOLDFEATHER VIDEO Bank Reconciliation October 31, 2024 Company's Cash Balance $ 12,371) $ 12,827 Per general ledger Checks outstanding Bank error Bank balance per reconciliation 300 000 $ 12,827 Company balance per reconciliation Required Required 2 > 0000 10000 1,270 575 $12,827 Required: .Prepare a bank reconciliation for the Goldfeather checking account on October 31, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Required 1 Required 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.) No Transaction General Journal 1 1 Cash Service Fee Expense 2 2 Service Fee Expense Service Fee Expense Cash Required 1 Required 2 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted Debit Credit 9 32 83 115 9