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Alykhan Industries provided the following information for the month of February. 1 Balance per bank on February 28$26,890 2 Balance per books on February 28$30,020
Alykhan Industries provided the following information for the month of February. 1 Balance per bank on February 28$26,890 2 Balance per books on February 28$30,020 3 Total outstanding checks at February 28$2,100 4 Debit memoranda: a NSF check from Sanderson, Inc. $1,450 b Printing company checks$20 c Electronic payment to bank for a loan$2,220. Of this amount, $90 is interest. 5 Credit memorandum: EFT from customer for $450 6 A check written this month to City Utilities and cleared the bank at the correct amount of $1,790, but was recorded at $1,870. 7 The bank charged a $270 check of ABC Company against Alykhan Industries' account. 8 Deposit in transit on February 28$1,800 Instructions On the solution tab: A. Prepare a bank reconciliation in proiber format. B. Record the necessary journal entries for the month of February for Alykhan Industries
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