Problem 3 1. Why is it important to prepare a bank reconciliation when the bank statement is received from the bank? 2. Prepare a bank reconciliation dated December 31, 2019, for Belington Inc. based on the following information. Balance per bank statement is $18607.04. Balance per books is $21659.48. The December bank statement indicated a service charge of $25. Cheque 11269 for $550.50 and cheque #1283 for $2,750,00 were not retumed 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, 2019, for $30. A bank credit memo indicated an interest revenue of $136.28 on December 15, 2019