ing the new infor 17 b. What is the actual cash balance for the three bank accou the amounts given in this case information as of Debi Prepare a sec December 31 payroll checks are cashed by empl ary of the January 8 payroll checks are cashed by employees of January d or 653 Manipulated Bank Reconciliation. You can use the compute pers on the textbook website to prepare the bank reconciliation based Electronic Work is shown in Exhibis 6 February 28 of bank and actual balances.) Caulco Inc. is the audit client. The February bank statern the text. You have obtained the client-prepared bank rec the following). Chesk 2231 was the finst check writen in February. All carlier checks c during January and some during February. Assume that the onl checks returned in the March bank statement are 2239 and 2240 sho the February bank reconciliation. They cleared the bank on March 3 and The first deposit on the March bank statement was $1,097.69 credited also that all checks entered in Caulco's cash disbursements journal th either cleared the bank or are listed as outstanding checks in the Februa Required: the bank dated c the amounts listed dated cancelet , unts lit March 2, respective on March 3. Assue through February 29 hae Determine whether any errors exist in the following bank reconcil prepare a corrected reconciliation and explain the problem. bank reconciliation. Iferrors iation. If eror CAULCO INC. Bank Reconciliation February 28 $7,374.93 ,097.69 Balance per bank Deposit in transit Outstanding Checks Number 2239 2240 Total outstanding Payee Amount Date Feb 26 Alpha Supply 500.00 Feb 28 L.. Stateman 254.37 (754.37) $7,718.25 General ledger balance Feb. 28