Question: 1. Prepare a bank reconciliation dated December 31, 2019, for Belington Inc. based on the following information and explain why we prepare bank reconciliation. Balance

1. Prepare a bank reconciliation dated December 31, 2019, for Belington Inc. based on the following information and explain why we prepare bank reconciliation. Balance per bank statement is $19208.52. Balance per books is $22659.00. The December bank statement indicated a service charge of $5. Cheque #1169 for $501.50 and cheque #1183 for $2,550.00 were not returned with the bank statement. The bank had not received a deposit in transit of $6,434.22 when the bank statement was generated. A bank debit memo indicated an NSF cheque written by Bill Broke to Welcome Inc. on December 11, 2019, for $89. A bank credit memo indicated an interest revenue of $26.24 on December 15, 2019

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