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Part 2: The following is a comprehensive problem which encompasses all of the elements learned 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 foliowing data, prepare a bank reconciliation for December of the current year: - Balance according to the bank statement at Decernber 31,5283,000. - Balance according to the ledger at December 31,$245,410. - Checks outstanding at December 31,$68,540. - Deposit in transit, not recorded by bank, $29,500. - Bank debit memo for service charges, 3750. - A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000. Based on the following data, prepare a bank reconciliation for December of the current year: - Balance according to the bank statement at December 31,$283,000. - Balance according to the ledger at December 31,$245,410. - Checks outstanding at December 31,$68,540. - Deposit in transit, not recorded by bank, $29,500. - Bank debit memo for service charges, $750. - A check for $12,700 in payment of an involce was incorrectly recorded in the accounts as $12,000