PINAL EXARANTIE ACCOUNTING Name: Problem #1: IBM Corporation has a cash book balance on December 31, 2018 in the amount of $ 20,502. The bank statement shows a bank balance in the amount of $ 22,190. The following are additional reconciling items: 4.820 a) deposit of $ 3.680 wan deposited on December 31, but does not appear on the bank statement. b) Checks written in December but not yet cleared the December bank statement are: Check #7327 $ 150 # 7348 # 7349 31 c) IBM Corporation has not yet recorded the $ 600 of interest income credited by the bank on December 20,2018 d) Bank service charges of $ 18 are not yet recorded on the books. e) One of IBM's customers check in the amount of $ 220 was. returned by the bank and marked as "SP". E) IBM discovered that check 7322 written in December for $ 131 in payment of an accounts payable, had been incorrectly recorded on their books as '311 S) A check of 175 written by another company (not tavas incorrectly charged by the bank to IEM Corporation. Please prepare a formal bank reconciliation as of December 31, 2012. Also prepare the necessary journal entries to correct the book balance