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 $20288.52 Balance per books is $23659.00. 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 $19. A bank credit memo indicated an interest revenue of $36.24 on December 15, 2019