The bank statement dated February 28, 2018, for Crystal Clear follows:

Additional data for the bank reconciliation follow:
a. The company had the following EFT transactions:
€¢ EFT credit on February 23 was a receipt of cash for services on account
€¢ EFT debit on February 2 was a payment for printing of business checks
€¢ EFT debit on February 28 was a payment for utilities
b. At February 28, there was a $900 deposit in transit.
c. The book balance as of January 31, 2018, was $78,750.
d. Check #238, $350, and check #241, $200, were still outstanding at the end of the month.
Requirements
1. Prepare the bank reconciliation.
2. Journalize any required entries from the bank reconciliation.

Transcribed Image Text:

Bank Statement for February 2018 Beginning Balance, January 31, 2018 Deposits and other Credits Feb. Feb. 10 Feb. 18 Feb. 20 Feb. 23 EFT Weilers Restaurant Feb. 28 Interest revenue 30,000 100 14,000 42,000 450 10 86,560 Checks and other Debits: Feb. Feb Feb. Feb. Feb. Feb. Feb. 2 EFT to Check Art 5 ck#235 9ck#237 9ck#236 26 ck#239 30 2,000 1,600 2,400 1,500 140 200 28 EFT to Texas Energy 28 ck#240 Bank Service Charge Ending Balance, February 28, 2018 7,889) 78,671