. . 1) The following information is needed to reconcile the bank statement for Woods Office Supplies Inc. for February 28, 2018. Prepare the bank reconciliation A deposit of $5,794.62 is in transit Outstanding checks total $1,533.25. The book balance is $5,695.62. The bookkeeper recorded a $1,524.00 check as $15.240 in payment of the current month's rent The bank balance was $16,500.25. A deposit of $300 was credited by the bank for $3,000. A customer's check for $1,280 was returned for nonsufficient funds, The bank service charge is $70