Account:	Cash			GL. No. 101
Date	Explanation	Debit	Credit	Balance
Feb 1	Opening balance			9,000	DR
Feb 5	Jimmy Supplies-cheque #136		480	8,520	DR
Feb 9	HitHit Supplies-cheque #137		960	7,560	DR
Feb 12	Steve Jackson	260		7,820	DR
Feb 18	Vivacious Inc-cheque #138		537	7,283	DR
Feb 19	Forrest W Ltd-cheque #139		890	6,393	DR
Feb 28	Deposit	2,500		8,893	DR

Bank Statement
Date	Explanation	Withdrawal	Deposit	Balance
Feb 1	Opening balance			9,000
Feb 5	Cheque #136	480		8,520
Feb 9	Cheque #137	960		7,560
Feb 9	EFT - Monthly Rent	860		6,700
Feb 12	Steve Jackson		260	6,960
Feb 12	NSF cheque	260		6,700
Feb 12	NSF charge	8		6,692
Feb 18	Cheque #138	357		6,335
Feb 21	Cheque #9240	2,600		3,735
Feb 28	Service charges	27		3,708
Feb 28	Interest on bank account		22	3,730

Additional Information 1. On Feb 18, Rancho Relaxo purchased $357 worth of salon supplies from Vivacious Inc. 2. The salons cheque numbers are always three-digits in length. They did not issue Cheque #9240.

Required a) Prepare a bank reconciliation for Rancho Relaxo on February 28, 2022. b) Prepare the necessary journal entries.

Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Select the proper order for the headings of the Bank Reconciliation.

AnswerFebruary 28, 2022Rancho RelaxoBank Reconciliation
AnswerFebruary 28, 2022Rancho RelaxoBank Reconciliation
AnswerFebruary 28, 2022Rancho RelaxoBank Reconciliation
Cash balance per bank statement		Answer	Cash balance per books		Answer
Add			Add
Outstanding deposit	Answer		Interest earned	Answer
Bank Error	Answer	Answer	Ledger error	Answer	Answer
Deduct outstanding cheques			Deduct
Cheque #139		Answer	EFT - Rent	Answer
			NSF Cheque	Answer
			NSF service charge	Answer
			Bank service charges	Answer	Answer
Adjusted bank balance		Answer	Adjusted book balance		Answer

Do not enter dollar signs or commas in the input boxes.

Date	Account Title and Explanation	Debit	Credit
2022
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Correct error on cheque #138
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Record interest earned for the month of February
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Record EFT - monthly rent
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Record NSF cheque returned by bank
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Record NSF charges from bank
Feb 28	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableBank Charges ExpenseCashCost of Goods SoldEquipmentInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueRent ExpenseSalaries ExpenseSales RevenueSalon SuppliesUnearned Revenue		Answer
	Record service charges for the month of February