Question 3 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Holden Corp. for the month ended February 28, 2015. Please enter journal entries for each of the following, if required. 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque 21 355 Bank statement balance Add: Outstanding deposit 5 Holden Corp. Bank Reconciliation January 31, 2015 21.250 Book balance Add: 1.100 Interest earned 22 350 Deduct: Bank service charge 1,000 21.350 Adjusted book balance 21,860 Deduct: Outstanding cheques #637 10 N. 21 350 Adjusted bank balance Bank Statement To: Holden Corp Cheques/Charges/Debits February 28, 2015 Deposits/Credits Balance February 2, 2015 February 4, 2015 February 9, 2015 February 12, 2015 1,100 1,050 1,400 1,000 #637 February 22, 2015 #646 February 22, 2015 #642 February 22, 2015 #645 February 22, 2015 #643 February 22, 2015 #644 February 22, 2015 #647 February 22, 2015 #641 February 22, 2015 NSF February 22, 2015 Bank service charge February 28, 2015 1,000 1,050 950 1,250 1,000 1,350 1,300 950 450 10 21,250 21,350 21,350 21,800 21,550 20,550 19,200 17,900 16.950 17.100 17.100 Notes receivable collected Interest earned 600 10 The NSF cheque for $450 was that of a customer. Debit Cash Date Desc. PR 31/Jan Balance 28/Feb CR10 28/Feb CD12 Account No. 101 Credit Balance 21,350 25.950 11.200 14.750 4.600 Cheques Written No. 641 642 643 644 645 646 647 648 649 650 Total Cash Disbursements in February 950 950 1.000 1.350 1,250 1.050 11 300 1.400 1.000 950 11 200 Deposits Made February 4 9 12 28 Total Cash Receipts in February w 1.050 1.400 1.000 1.150 4,600 a) Prepare a bank reconciliation, for Holden Corp. for the month ended February 28, 2015. Holden Corp. Bank Reconciliation February 28, 2015 Bank statement balance Book balance Add: Add: Deduct Deduct: Outstanding cheques + = Adjusted bank balance Adjusted book balance b) Prepare resulting journal entries, if any. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan) General Journal Page GJ3 Date Account/Explanation Debit Credit F + 1 + hi I+