Bank Reconciliation

Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February indicated the following:

Balance, February $28$

Service charge for February

$$87,692$

Interest earned during February

$100$

NSF check from Valerie Corp. $($deposited by Firebird$)$

$850$

Note $($$$10,000)$ and interest $($$$350)$ collected from a customer of Firebird's

$640$

$-10,350$

Upon recelving the bank statement, Firebird's accountants analyzed its cash transactions for possible reconciling items between its cash balance per books and the bank statement:

Checking account balance per Firebird's books

Outstanding checks as of February $28$

$$75,620$

Deposit in transit at February $28$

$6,440$

Error in recording check $7853$ issued by Firebird

$4,810$

$18$

Required:

Prepare a bank reconciliation schedule in proper form at February $28.$

What is the amount of cash that should be reported on the February $28$ balance sheet?

Amount of cash reported on the February $28$ balance sheet $