Posted: July 23rd, 2024
Bank Reconciliation (Appendix)The Daisy Company received a bank statement
Bank Reconciliation (Appendix)The Daisy Company received a bank statement for February 2007, as follows: From: Central Bank, Denver, Co. 80222To: Daisy Company, 1313 Williams St., Denver, Co. 80218DateChecksDepositsBalanceFeb. 1$4,524.807$2,700.33$8,642.6193,484.81146.00 SC460.00 CM16274.09214,133.603,385.492369.69 NSF28SC 5 Service ChargeNSF 5 Check Returned$6,344.38CM 5 Credit MemoDM 5 Debit MemoThe receipt of $460 on February 14 was for a $445 note collected by the bank, plus $20 current interest, less a $5 service charge. The companyâs accounting records contained the following information:Cash balance on February 28 from the books: $2,610.42Cash DisbursementsCash ReceiptsCheck No. 155 $2,700.33Feb. 7$8,624.61156 3,484.81213,385.49157274.09All receipts are verified and correct158589.021594,133.601602,742.63Required1. Prepare a bank reconciliation on February 28, 2007 for the Daisy Company.2. Prepare the journal entries that the Daisy Comp
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