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Bank Reconciliation - February 28 Dodge Company developed the following information in recording its bank statement for the month of February. BalanceperbooksFebruary28BalanceperbankstatementFebruary28CheckswritteninFebruarybutstilloutstandingCheckswritteninJanuarybutstilloutstandingDepositsofFebruary27notyetrecordedbythebiNSFcheckofcustomerreturnedbybankBankservicechargeforFebruaryThebankstatementincludedadebitmemoregardinganEFTtoPascoUtilitiesfor$540.9,57011,1004,2908305,02063030 The bank collected
Bank Reconciliation - February 28 Dodge Company developed the following information in recording its bank statement for the month of February. BalanceperbooksFebruary28BalanceperbankstatementFebruary28CheckswritteninFebruarybutstilloutstandingCheckswritteninJanuarybutstilloutstandingDepositsofFebruary27notyetrecordedbythebiNSFcheckofcustomerreturnedbybankBankservicechargeforFebruaryThebankstatementincludedadebitmemoregardinganEFTtoPascoUtilitiesfor$540.9,57011,1004,2908305,02063030 The bank collected a note receivable on behalf of the company for $2,200 plus interest revenue of $340. (No interest revenue had been accrued) Check #210 to Beldron Enterprises for $345 was correctly issued and paid by the bank, but incorrectly entered in the cash payments journal as payment on account for $435. Instructions: Prepare the bank reconciliaiton at February 28 Prepare the necessary journal entries that result from the bankreconciliaiton. JOURNAL ENTRIES
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