Daisy Company received a bank statement for February, as follows: From: Central Bank, Denver, CO 80222 To:

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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

Daisy Company received a bank statement for February, as follows:

SC ¼ Service Charge NSF ¼ Check Returned
CM ¼ Credit Memo DM ¼ 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

Daisy Company received a bank statement for February, as follows:

1. Prepare bank reconciliation on February 28, 2013, for Daisy.
2. Prepare the journal entries that Daisy should record as a result of the reconciliation.

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Related Book For  book-img-for-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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