Check my The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of 515,233.62 Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,381.15. b. The December 31, 2021, cash receipts of $605 were not deposited in the bank until January 2, 2022 c One check written in payment of rent for $252 was correctly recorded by the bank but was recorded by MSi as a 5265 disbursement d. In accordance with prior authorization, the bank withdrew $510 directly from the checking account as payment on a note payable The interest portion of that payment was $380, MSI has made no entry to record the automatic payment e. Bank service charges of $20 were listed on the bank statement 1 A deposit of $905 was recorded by the bank on December 13, but it did not belong to MSI. The deposit should have been made to the checking account of MIS, Inc The bank statement included a charge of $55 for an NSF check The check was returned with the bank statement and the company will seek payment from the customer. h. MSi maintains a $260 petty cash fund that was appropriately reimbursed at the end of December 1. According to instructions from MSI on December 30, the bank withdrew $13,000 from the account and purchased US Treasury bills for MSI MSI recorded the transaction in its books on December 31 when it received notice from the bank. Half of the Treasury bills mature in two months and the other half in six months Required: 1. Prepare a bank reconciliation for the MSI checking account at December 31, 2021. You will have to compute the balance per books. 2. Prepare any necessary adjusting journal entries indicated 3. What amount would MSI report as cash and cash equivalents in the current asset section of the December 31, 2021, balance sheet? Record transaction to correct error in recording cash disbursement for rent. Note: Enter debits before credits. Event General Journal Debit Credit 1 D NAxt Requieu. 1. Prepare a bank reconciliation for the MSI checking account at December 31, 2021. You will have to compute the balance pe 2. Prepare any necessary adjusting journal entries indicated. 3. What amount would MSI report as cash and cash equivalents in the current asset section of the December 31, 2021, balanc Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What amount would MSI report as cash and cash equivalents in the current asset section of the December 31, 2021, balance sheet? (Round your answer to 2 decimal places) Total cash and cash equivalents Required 2