Ov Dictata Question 3 (25 Marks) Chapter 4 Header The following data have been gathered for Rocky Candi Corporation for the month ended September 30, 2017. Prepare a bank reconciliation based on the following information: -The bank statement reveals a balance of $5,936. The September 30, 2017, book balance was $3,200. There was an EFT deposit of $1,800 on the bank statement for the monthly rent from a tenant. The bookkeeper had erroneously recorded a $50 cheque as $500. The cheque was to settle an account payable The bank statement revealed $50 in service charges Cheques 1322 and 1330 for $260 and $285 were not returned with the bank statement. A deposit made on September 29, 2017, for $1,250 did not appear on the bank statement A deposit of $500 made on September 10 was erroneously credited to Rocky Candi's account by the bank for $5,000 A bank debit memo indicated an NSF cheque for $259 Rocky Candi Corporation Bank Reconciliation September 30, 2017 Rocky Candi Corporation Bank Reconciliation September 30, 2017 What is a bank reconciliation? Why is it important to prepare a bank reconciliation every month when the bank statement is received from the bank