H = Merge & Center $ -% Clipboard Conditional Format as Formatting Tables Styles Font Alignment Number F24 f B C D E F G H K M 10 11 Read the following scenario, and complete the journal entries on the form below: 12 13 The cash account for Interactive Systems at February 28, 2011 indicated a balance of $8,735. The bank statement indicated a balance 14 of $13,333 on February 28, 2011. Comparing the bank statement and the accompanying canceled checks and memos with the records 15 reveals the following reconciling items: 16 17 a. Checks outstanding totaled $4,118 18 b. A deposit of $4,500, representing receipts of February 28, had been made too late to appear on the bank statement. 19 c. The bank had collected $5,000 on a note left for collection. 20 d. Bank service charges for February amounted to $20. 21 22 Instructions for Part One 20 Points (2 points e 23 1 Prepare a bank reconciliation. Use the provided form on the following worksheet. 24 Please use the drop-down list (right of the cell) to enter the account description box on the worksheet. 25 26 Instructions for Part Two 20 Points (2.5 points 27 2 Journalize the necessary entries. The accounts have not been closed. Use the provided form on the following worksheet. 28 29 Hints