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(8 points) KMZ Company operates four racetracks. The business just received their February bank statement from Citi National Bank and the statement shows an ending

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(8 points) KMZ Company operates four racetracks. The business just received their February bank statement from Citi National Bank and the statement shows an ending balance of $910. Listed on the statement are an EFT rent collection of $440, a service charge of $7, an NSF check outstanding of $50, and $23 charge for printed checks. In reviewing the cash records the business identified outstanding checks totaling $440 and a deposit in transit of $1,800. During February, the business recorded a $260 check by depositing salaries expense and crediting cash for $26 dollars. The business account shows on February 28th, 2020 balance of $2,144 Prepare a bank reconciliation as of February 28th. Please make sure the reconciliation if formal with a heading and date. Both book side(company) and bank side should be labeled for full credit

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