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Problem 4-2B (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5) On October 31, 2024, the bank statement for the cash account of Goldfeather Video shows a balance of $12,660, while the company's records show a cash balance of $12,306. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,205. b. The October 31 cash receipts of $760 are not deposited in the bank until November 2 . c. The EFT payment for utilities of $132 is correctly recorded by the bank but is recorded by Goldfeather as a disbursement of $213. d. In accordance with prior authorization, the bank withdraws $645 directly from the account as payment on a note payable. The interest portion of that payment is $45 and the principal portion is $600. Goldfeather has not recorded the direct withdrawal. e. Bank service fees of $19 are listed on the bank statement. f. A deposit of $562 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 $70 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. Note: Enter debits before credits. Record the amounts that decrease cash. Enter debits before credits

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