8. The Cash account of Booney Town Associates at February 28, 2019, follows: (Click the icon to view the Cash account.) Booney Town Associates received the following bank statement on February 28, 2019: 2 (Click the icon to view the February bank statement.) Additional data: Booney Town deposits all cash receipts in the bank and makes all payments by check. Read the requirements Requirement 1. Prepare the bank reconciliation of Booney Town Associates at February 28, 2019 Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Booney Town Associates Bank Reconciliation February 28, 2019 Bank: (1) Add: (2) Less (3) (4) (5) (6) Books: Add: (8) (9) Less (10) (11) (12) (13) Requirement 2. Journalize the entries based on the bank reconciliation. (Record debits first, then credits. Select the explanation on the last line of the journal entry table Print Begin with the EFT collection of the note. Review the bank reconciliation. Date Accounts and Explanation Debit Credit Feb. 28 (14) (15) (16) (17) (18) Journalize the interest earned on the company's cash balance. Review the bank reconciliation. Date Accounts and Explanation Debit Credit Feb. 28 (19) (20) (21) (22) (23) Journalize the service charge. Review the bank reconciliation. Date Accounts and Explanation Debit Credit Feb. 28 (24) (25) (26) (27) (28) Journalize the NSF check returned from a customer. Print Review the bank reconciliation. Date Accounts and Explanation Debit Credit Feb. 28 (29) (30) (31) (32) (33) Journalize the EFT payment to EZ rent. Review the bank reconciliation. Date Accounts and Explanation Debit Credit Feb. 28 (34) (35) (36) (37) (38) 1: Data Table Cash Beg. Bal. 4,335 450 Feb. 3 Feb. 6 1,300 2,800 Feb. 12 Feb. 15 2.300 2,000 Feb. 19 Feb. 23 1,900 100 Feb. 25 Feb. 28 3,000 1,400 Feb. 27 End. Bal. 6,085 2: Data Table Print BANK OF TOMORROW BANK STATEMENT 123 PETER PAN RD, KISSIMMEE, FL 34747 Booney Town Associates CHECKING ACCOUNT 136-213734 14 W Gadsden St Pensacola, FL 32501 February 28, 2019 BEGINNING BALANCE TOTAL DEPOSITS TOTAL WITHDRAWALS SERVICE CHARGES ENDING BALANCE $ 4,335 7,755 6,240 28 $ 5,822 TRANSACTIONS DEPOSITS DATE AMOUNT 02/07 1,300 02/15 2,300 Deposit Deposit EFTCollection of note Deposit 02/17 2,200 02/24 1,900 Interest 02/28 55 DATE AMOUNT CHARGES Service Charge 02/28 28 CHECKS Number Amount Number Amount Number Amount 102 450 103 2,000 101 2,800 OTHER DEDUCTIONS DATE AMOUNT EFT-EZ Rent 02/01 390 NSF Check 02/13 600 Print 3: Requirements 1. Prepare the bank reconciliation of Booney Town Associates at February 28, 2019. 2. Journalize the entries based on the bank reconciliation. (2) (1) O Adjusted bank balance, February 28, 2019 Adjusted book balance, February 28, 2019 Balance, February 28, 2019 O Bank collection of note receivable Deposit in transit O EFT-Rent expense Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (3) O issued on February 25 O issued on February 27 O Bank collection of note receivable Deposit in transit O EFT-Rent expense O Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (4) O O issued on February 3 O issued on February 12 issued on February 19 (6) O issued on February 25 O issued on February 27 (5) O O issued on February 3 O issued on February 12 O issued on February 19 Adjusted bank balance, February 28, 2019 Adjusted book balance, February 28, 2019 O Balance, February 28, 2019 (8) (7) O O Adjusted bank balance, February 28, 2019 O Adjusted book balance, February 28, 2019 O Balance, February 28, 2019 O Bank collection of note receivable O Deposit in transit O EFT-Rent expense Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (9) O Bank collection of note receivable O Deposit in transit O EFT-Rent expense O Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (10) O O Bank collection of note receivable O Deposit in transit O EFT-Rent expense Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (11) O O Bank collection of note receivable O Deposit in transit O EFT-Rent expense Interest revenue earned on bank balance O NSF check O Outstanding checks O Service charge (12) O Bank collection of note receivable Deposit in transit O EFT-Rent expense O Interest revenue earned on bank balance NSF check Outstanding checks Service charge (13) O O Adjusted bank balance, February 28, 2019 Adjusted book balance, February 28, 2019 O Balance, February 28, 2019 (14) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense (15) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense (16) O O Accounts Receivable O Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense (17) Interest Revenue O Notes Receivable O Rent Expense Note receivable collected by bank. O NSF check returned by bank. O Accounts Receivable O Bank Expense Cash (18) O O Bank service charge. Interest earned on bank balance. O Monthly rent expense. (19) O O Accounts Receivable O Bank Expense O Cash O Interest Revenue O Notes Receivable O Rent Expense (20) O O Accounts Receivable Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense (21) O Accounts Receivable Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense (22) (23) O Interest Revenue Notes Receivable O Rent Expense Note receivable collected by bank. O NSF check returned by bank. Accounts Receivable O Bank Expense O Cash Bank service charge. Interest earned on bank balance. O Monthly rent expense. (24) O O Accounts Receivable O Bank Expense O Cash O Interest Revenue O Notes Receivable Rent Expense (25) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense (26) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense (27) O O Accounts Receivable O Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense O Note receivable collected by bank. O NSF check returned by bank. (28) O Bank service charge. Interest earned on bank balance. O Monthly rent expense. (29) O O Accounts Receivable O Bank Expense O Cash O Interest Revenue Notes Receivable O Rent Expense (30) O O Accounts Receivable O Bank Expense Cash Interest Revenue O Notes Receivable Rent Expense (31) O O Accounts Receivable O Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense (32) O O Accounts Receivable O Bank Expense O Cash Interest Revenue Notes Receivable O Rent Expense O Note receivable collected by bank. O NSF check returned by bank. (33) O O Bank service charge. Interest earned on bank balance. O Monthly rent expense. (34) O O Accounts Receivable Bank Expense O Cash Interest Revenue Notes Receivable Rent Expense (35) O O Accounts Receivable O Bank Expense O Cash O Interest Revenue Notes Receivable O Rent Expense (36) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense (37) O O Accounts Receivable O Bank Expense O Cash Interest Revenue O Notes Receivable O Rent Expense O Note receivable collected by bank. O NSF check returned by bank. (38) O O Bank service charge. O Interest earned on bank balance. O Monthly rent expense