Question: Part 2: The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for

Part 2: The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing part 2. Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31,$283,000. b. Balance according to the ledger at December 31,$245,410. c. Checks outstanding at December 31,$68,$40. d. Deposit in transit, not recorded by bank, $29,500. e. Bank debit memo for service charges, $750. f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000. e. Bank debit memo for service charges, $750. $12,000
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