The bank portion of the bank reconciliation for the FIXAR Company at January 31, 2010 is as follows:

The adjusted cash balance per bank agreed with the cash balance per books at January 31st. The February bank statement showed the following checks and deposits.

The cash records per books for February show the following information

The bank statement contained two bank memoranda:
1. A credit of $1,895.00 for the collection of a $1,800 note for FIXAR Company plus interest of $115 and less a collection fee of $20.
FIXAR Company accrued interest to the maturity of the note.
2. A debit for the printing of additional company checks, $75.00.
At February 28 the cash balance per books was $11,118.80 and the cash balance per the bank statement was $17,381.45.
The bank did not make any errors but two errors were made by FIXAR Company.

Instructions:
(a) Prepare the bank reconciliation at February 28, 2010
(b) Prepare the adjusting entries based on the reconciliation. The correction of any errors pertaining to recording checks should be made to
Accounts Payable. The correction of any errors relating to recording cash receipts should be made to AccountsReceivable.

FIXAR COMPANY Bank Reconciliation January 31, 2010 Cash balance per bank Add: Deposits in transit S 13.581.90 1,432.80 15.014.70 Less: Outstanding checks Check Number Check Amount 3351 3370 3371 3372 3374 3375 $1,089.20 930.4 844.5 734.9 1,050.00 1.396.60 6,045.60 Adjusted cash balance per bank 8,969.10 Bank Statement Checks Number Amount Deposits Date 1-Feb 3370 S 930.40 2-Feb 337 S 844.50 4-Feb 3374 S 1,050.00 6-Feb 3376 S 2,830.00 7-Feb 3377 S 600.00 10-Feb 3379 S 1,740.00 15-Feb 3380 S 1.330.00 18-Feb 3381S 695.40 27-Feb 3383S 425.75 28-Feb 3386 750.00 28-Feb 3389 S 1.210.45 28-Feb 3392 S 542.00 Date 1-Feb 4-Feb 8-Feb 13-Feb 18-Feb 20-Feb Amount S 1,432.80 S 1.451.50 S 890.10 S 2,575.00 S 1,472.70 S 2,836.00 S 2,567.30 25-Feb 27-Feb S 2,350.00 28-Feb S 1.186.00 Total S 16,761.40 Total S12.948.50 Cash Receipts Journal Cash Payments Journal Date Number Amount Date Number Amount Dte Amount 1-Feb 3376 S 2,830.0020-Fb 3384 S 730.75 3-Feb S 1,451.50 2-Feb 3377 S 600.00 22-Feb 3385 S 882.30 7-Feb S 890.10 2-Feb 3378 S 538.20 23-Feb 3386 S 750.0012-Feb S 2,575.00 4-Feb 3379 S 1,470.00 24-Feb 3387 S 526.70 17-Feb S 1,472.70 8-Feb 3380 S 1,330.00 25-Feb 3388 S 750.00 19-Feb S 2,863.00 10-Feb 3381 S 695.40 26-Feb 3389 S 1,210.45 24-Feb S 2,567.30 15-Feb 3382 547.00 27-Feb 3392 S 542.00 26-Feb S 2.350.00 Total S 13.828.55 27-Feb S 1.186.00 28-Feb S 2.456.00 18-Feb 3383 S 425.75 Total S 17,811.60