PART B Prepare a bank reconciliation based on the following facts. The chequebook balance of Terry Company is $3,615.57. The bank statement shows a bank balance of $5,244.26. The bank statement shows interest earned of $26.00 and a service charge of $31.15. There is a deposit in transit of $1,206.96. Outstanding cheques are No. 1407 for $415.20 and No. 1411 for $1,725.60. The bank collected a note for Terry for $3,100.00 Terry Company forgot to deduct a cheque for $2,400.00 during the month