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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
(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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