Bank Reconciliation with entries

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

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

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

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

4. Debit memorandum:

a. NSF check from Sanderson, inc-$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 $1,450

6. A check written this month to City utilities are 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 Alykan Industries account.

8.Deposit in transit on Feb. 28-$1,8000

INSTRUCTIONS

A. prepare a bank reconciliation in proper format.

B. Recordthe necessary journal entries for the month of Fbruary for Alykhan Industries.