Rex Kamehameha has just received the February 2021 bank statement for Double Rainbow Airlines. Pertinent information...

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Rex Kamehameha has just received the February 2021 bank statement for Double Rainbow Airlines. Pertinent information is summarized below:< Balance per bank statement February 28 - 10,130< Outstanding cheques - 1,913+ Bank service charges - 48< Deposit of February 28 not yet appearing on the bank statement - 1,214< General ledger balance - 9,748< Error in deposit of February 15 from cash sales; $682 deposit was entered in company records as $628< In error, the bank withdrew funds from the Double Rainbow bank account instead of the correct bank customer ABC Consulting. The amount of the item was $187.< The bank charged our account with $28 in service charges The bank statement showed the bank collected an $880 note receivable for us and deposited the funds in our account. They charged us $36 for the service.< REQUIRED:< A) A 2 2 Prepare a bank reconciliation, in good form, for Double Rainbow Airlines at February 28, 2021. (15 marks)< 2 B( ܢ ܒ ܕܢ ܒܢ - . Prepare the necessary adjusting journal entries to record the information from the bank reconciliation. (5 marks) (Omit headings and explanations.)< ܒ ܒܢ ܒܢ !!!!!! K ܕ ܕ ܕ Rex Kamehameha has just received the February 2021 bank statement for Double Rainbow Airlines. Pertinent information is summarized below:< Balance per bank statement February 28 - 10,130< Outstanding cheques - 1,913+ Bank service charges - 48< Deposit of February 28 not yet appearing on the bank statement - 1,214< General ledger balance - 9,748< Error in deposit of February 15 from cash sales; $682 deposit was entered in company records as $628< In error, the bank withdrew funds from the Double Rainbow bank account instead of the correct bank customer ABC Consulting. The amount of the item was $187.< The bank charged our account with $28 in service charges The bank statement showed the bank collected an $880 note receivable for us and deposited the funds in our account. They charged us $36 for the service.< REQUIRED:< A) A 2 2 Prepare a bank reconciliation, in good form, for Double Rainbow Airlines at February 28, 2021. (15 marks)< 2 B( ܢ ܒ ܕܢ ܒܢ - . Prepare the necessary adjusting journal entries to record the information from the bank reconciliation. (5 marks) (Omit headings and explanations.)< ܒ ܒܢ ܒܢ !!!!!! K ܕ ܕ ܕ

Answer rating: 100% (QA)

A Bank Reconciliation for Double Rainbow Airlines at February 28 2021 Items on Bank State... View the full answer