Page Break Problem 3 1. Why is it essential to prepare a bank reconciliation when the bank statement is received from the bank? 2. Prepare a bank reconciliation dated December 31, 2020, for Belington Inc. based on the following information. 2. Prepare a bank reconciliation dated December 31, 2020, for Belington Inc. based on the following information. The balance per bank statement is $27333.92. The balance per book is $ 30659.40. The December bank statement indicated a service charge of $4. Cheque #1174 for $505.50 and cheque #1182 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, 2020, for $69. A bank credit memo indicated an interest revenue of $126.24 on December 15, 2020