PLEASE help. template is provided. Tia P6-18 LO 6.8 Bank Reconciliation (Appendix 6.1) Daisy...
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PLEASE help. template is provided. Tia
P6-18 LO 6.8 Bank Reconciliation (Appendix 6.1) Daisy Company received a bank statement for February, as follows From: Central Bank, Denver, CO 80222 To: Daisy Company, 1313 Williams St., Denver, CO 80218 Date Feb. 1 Checks Deposits Balance $4,524.80 7 $2,700.33 $8,642.61 3,484.81 6.00 SC 460.00 CM 16 21 23 28 274.09 4,133.60 3,385.49 69.69 NS $6,344.38 SC Service ChargeNSF Check Returned CM - Credit Memo DM Debit Memo The receipt of $460 on February 14 was for a $445 note collected by the bank, plus $20 current interest, minus a $5 service charge. The company's accounting records contained the following information: Cash balance on February 28 from the books: $2,610.42 Cash Cash Receipts $8,624.61 3,385.49 Feb. 7 Check No. 155 156 157 158 159 160 $2,700.33 3,484.81 274.09 589.02 4,133.60 2,742.63 21 All receipts are verified and correct Required: 1. Prepare a bank reconciliation on February 28, 2016, for Daisy 2. Prepare the journal entries that Daisy should record as a result of the reconciliation
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