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Valentine Investigations has the following information for its cash account: Balance, 1/31 $ 7,420 Deposits during February 106,770 Checks written during February 102,310 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Balance per bank, 1/31 $8.914.00 2 Add: 3 February deposits 105,400.00 $114,314.00 5 Less: 6 Checks paid in February S(101,400.00) 7 Bank service charge (50.00) (800.00) (102,250.00) 8 Debit memo (electric bill) 9 Balance per bank, 2/28 $12,064.00 D Focus 9 Balance per bank, 2/28 $12,004.UU A comparison of company records with the bank statement provided the following data: At 1/31 At 2/28 $2,720 $4,090 Deposits in transit Outstanding checks 4,214 5,124 Required: Prepare a bank reconciliation as of February 28. Prepare adjusting entries for Valentine based on the information developed in the bank reconciliation What is the amount of cash that should be reported on the February 28 balance sheet ank Reconciliation Instructions Chart Of Accounts Amount Descriptions Bank Reconciliation Bank Reconciliation Bank Reconciliation Instructions Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Cash balance from bank statement 4 Adjusted cash balance 5 Cash balance from company records General Journal General Journal Instructions GENERAL JOURNAL BALANCE SHEET INCOME STATEMENT POST. REF. DEBIT ACCOUNT TITLE CREDIT DATE Adjusting Entries General Journal PAGE 1 JOURNAL ALANCE SHEET INCOME STATEMENT IMPACT ON FINANCIAL STATEMENTS POST. REF. DEBIT CREDIT ASSETS LIMIUTIES EQUITY REVENUE EXPENSES NET INCOME Final Question 3. What is the amount of cash that should be reported on the February 28 balance sheet

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