Question: please help me answer these!! After reviewing the bank statement below, please help me answer the following questions: 1. Describe how preparing a bank reconciliation
please help me answer these!!
After reviewing the bank statement below, please help me answer the following questions:
1. Describe how preparing a bank reconciliation and Badis online review of the bank statement differ.
2. Identify and explain at least two frauds or errors that may be uncovered if Badi completes a formal bank reconciliation, and how each may not be discovered through an online review of her bank statement.
Thank you!!! 
Badi Buster owns a rapidly growing company named Video Buster. Badi has decided that it may not be necessary to prepare a bank reconciliation for her company. She regularly reviews her online bank statement for any unusual items and feels that is sufficient. An example of one of her old bank statements is below. It is now June, 2022 and Badi's company has grown substantially since October of 2020, and, yes, imagine that the general public still rents videos.. Prev at Checks and sales and d O and B Du 003 Od 12 CE14 Ort is O 23 0 25 011 986 SE 123 26 197 175 21 70 25 11 201 100M Depand de Dake on DI Ou (3) 485-c Ba . Before making your first post please review the score rubric that will be used for your score, to see it please select the three vertical dots above. First Post . Describe how preparing a bank reconciliation and Badi's online review of the bank statement differ. (2 points) - Identify and explain at least two frauds or errors that may be uncovered if Badi completes a formal bank reconciliation, and how each may not be discovered through an online review her bank statement. (6 points) FN First National Hillcrest, New York 11750 VideoBuster Company 901 Main Street Hillcrest, NY 11749 Previous Balance 1,610 B Total Checks and Debits 723 Checks and Debits Date Oct. 3 Oct. 12 Oct. 14 Oct. 16 Oct. 23 Oct. 25 Oct. 26 Symbols: CM-Credit Memo No. Amount 121 375 122 123 125 127 23 DM 70 25 EFT 15 20 NSF 10 DM 185 EC-Error Correction DM-Debit Memo IN-Interest Received Total Deposits and Credits 1,163 Deposits and Credits Amount 240 100 EFT 330 485 CM 8 IN Date Oct. 2 Oct. 15 Oct. 16 Oct. 23 Oct. 31 NSF-Non-Sufficient Funds EFT-Electronic Funds Transfer Bank Statement Member FDIC October 31, 2020 Statement Date 494 504 2 Account Number Current Balance 2,050 SC-Service Charge OD-Overdraft
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