The Daisy Company received a bank statement for February 2007, as follows: From: Central Bank, Denver, Co. 80222

To: Daisy Company, 1313 Williams St., Denver, Co. 80218

The receipt of $460 on February 14 was for a $445 note collected by the bank, plus $20 current interest, less a $5 service charge. The company's accounting records contained the following information:
Cash balance on February 28 from the books: $2,610.42

Required
1. Prepare a bank reconciliation on February 28, 2007 for the Daisy Company.
2. Prepare the journal entries that the Daisy Company should record as a result of thereconciliation.

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Checks Date Feb. 1 Balance $4,524.80 sits $2,700.33 3,484.81 7 $8,642.61 14 6.00 SC 460.00 CM 274.09 4,133.60 21 23 28 3,385.49 69.69 NSF $6,344.38 SC 5 Service Charge CM 5 Credit Memo NSF 5 Check Returned DM 5 Debit Memo Cash Disbursements Cash Recei Check No. 155 156 157 158 159 160 Feb. 7 $8,624.61 3,385.49 $2,700.33 3,484.81 274.09 589.02 4,133.60 2,742.63 21 All receipts are verified and correct