Bank Reconciliation (LO3)

The following information is available for Airborne, Inc. as of February 28, 2021:

a.Cash on the books as of February 28 amounted to$22,754.16.Cash on the bank statement for the same date was$32,351.46.

b.A deposit of$3,344.50, representing cash receipts of February 28, did not appear on the bank statement.

c.Outstanding checks totaled$3,936.80.

d.A check for$1,920.00returned with the statement was recorded incorrectly in the check register as$1,380.00. The check was for a cash purchase of merchandise.

e.The bank collected$10,300.00for Airborne, on a note. The face value of the note was$10,000.00.

f.The bank mistakenly charged to the company account a check for$755.00drawn by another company.

REQUIRED:

1. Prepare in a proper format theBank Reconciliationfor Airborne, Inc. as of February 28, 2021.
2. Prepare in proper format theJournal Entriesnecessary to adjust the accounts as of February 28, 2021.