Problem 7-13 Bank reconciliation and adjusting entries; cash and cash equivalents [Appendix 7A] The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2018, balance of $15,23362 Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,381.15 b. The December 31, 2018, cash receipts of $605 were not deposited in the bank until January 2, 2019 c One check wrtten in payment of rent for $252 was correctly recorded by the bank but was recorded by MSl as a $265 disbursement d. In accordance with prior authorization, the bank withdrew $510 directly from the checking account as payment on a mortgage note payable. The interest portion of that payment was $380 MSI has made no entry to record the automatie payment e. Bank service charges of $20 were listed on the bank statement. f. 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. g. 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 es h. MSI maintains a $260 petty cash fund that was appropriately reimbursed at the end of December i. According to instructions from MSI on December 30, the bank withdrew $13,000 from the account and purchased U.S. Treasury bils 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, 2018. 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, 2018, balance sheet? Complete this question by entering your answers in the tabs belovw Required 1 Required 2 Required 3 Prepare a bank reconciliation for the MSI checking account at December 31, 2018. You will have to compute the balance per books. (Round your answers to 2 decimal places.)