The following data were accumulated for use in reconciling the bank account of Western Co. for March: a. Cash balance according to the company's records at March 31, $13,846. b. Cash balance according to the bank statement at March 31,$10,931. c. Checks outstanding $6,870. d. Deposit in transit, not recorded by bank $10,340. e. A check for $180 in payment of an account was erroneously recorded in the check register as $810. f. Bank Debit memo for service charges, \$75. 1. Prepare a bank reconciliation, using the format shown in Exhibit 12 in the textbook. 2. If the balance sheet were prepared for Western Co. on March 31, what amount should be reported for cash? 3. Must a bank reconciliation always balance? 4. Journalize the entries needed to be made by the company