Required information Problem 4-2B Prepare the bank reconciliation and record cash adjustments (LO4-5) [The following information applies to the questions displayed below.] On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,827, while the company's records show a 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. One check written in payment of utilities for $145 is correctly recorded by the bank but is recorded by Blockwood as a disbursement of $154. d. In accordance with prior authorization, the bank withdraws $458 directly from the checking account as payment on a note payable. The interest portion of that payment is $58 and the principal portion is $400. Blockwood 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 Blockwood. The deposit should have been made to the checking account of Hollybuster Video, a separate company. g. The bank statement includes a charge of $83 for an NSF check. The check is returned with the bank statement, and the company will seek payment from the customer. Problem 4-2B Part 2 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.)