Alykhan Industries provided the following information for the month of February.

1. Balance per bank on Feb. 28- $31,080

2.Balance per books on Feb. 28- $32,210

3. Total outstanding checks at Feb. 28- $2,100

4. Debit memoranda:

a. NSF check from Sanderson, Inc. - $450

b. Printing company checks- $20

c. Electronic payment to bank for loan- $2,220. Of this amount, $90 is interest.

5. Credit memorandum: EFT from customer for $1,450

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 charges a $270 check of ABC Company against Alykhan Industries' account.

8. Deposit in transit on Feb. 28- $1,800

Instructions

A. Prepare a bank reconciliation in proper format. B. Record the necessary journal entries for the month of Feb. For Alykhan Industries.