2) Hazelton n Manufacturing prepares a bank reconciliation at the end of every month. At 2) the end of May, the general ledger checking account showed a balance of s1,360 and the bank statement showed a bank balance of $1,445. Outstanding checks totaled $350 and deposits in transit were $150. The bank statement listed service charges of $30 and NSF checks totaling $85. What are the main reasons why know if your bank reconcilation is accurate. companies prepare bank reconciliations? How do you A) The corrected cash balance is: B) The Adjusted Bank statement balance is: A) Show Workings here. 3) 3) Important elements of an internal control system for cash receipts include each of the following except: A) All amounts received should be opened by a person who does not post to the GL. the denesit should compare the deposit total to the total