Shown below is the "Cash" account for XYZ Co., and also the monthly statement from their bank. They do not show the same beginning balance because of the Outstanding Checks and the Deposits-in-Transit from the prior month. Furthermore, the General Ledger and the Bank Statement show different ending balances - another reconciliation is required. Required 1) Prepare a reconciliation of the book balance to the bank balance. 2) Prepare a journal entry to record any necessary changes (if any) to the ledger balance The Outstanding checks were deducted from the prior month's ledger, but did not appear on prior month's bank. Look for them this month. The Deposits in transit were added to the prior month's ledger, but did not appear on the prior month's bank. Look for them this month. The bank fees are charged by the bank to XYZ Co. every month and simply deducted straight from their hank ac.rount Prepare a journal entry to record the bank fees and NSF check (hint: debit to "Bank Fees Expense" and "Accts Rec")