Question: Problem 3 (20 pts) Using the following information, prepare the bank reconciliation for the Texas Company for March 31, 2016. a. The bank statement balance

 Problem 3 (20 pts) Using the following information, prepare the bank

Problem 3 (20 pts) Using the following information, prepare the bank reconciliation for the Texas Company for March 31, 2016. a. The bank statement balance is $5,000. b. The cash account balance is $3,600. C. Outstanding checks totaled $1,800. d. Deposits in transit are $300. e. The bank service charge is $10. f. Interest reported on the bank statement was $20. g. A check for $100 was recorded as $10 in the ledger. h. A NSF check for $20 was returned with the statement

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