Cash Feb 1 Bal 3,995 Feb 3 400 6 800 12 3,100 15 1,800 19 1,100 23 1,100 25 500 28 2,400 27 900 Feb 28 Bal 4,095 Bank Statement for February 2021 $ 3,995 Beginning balance Deposits: Feb 7 15 $ 800 1,800 1,100 3,700 24 Checks (total per day): Feb 8 $ 400 16 3,100 1,100 (4,600) 23 Other items: Service charge NSF check from M. E. Crown Bank collection of note receivable for the company EFT-monthly rent expense Interest revenue earned on account balance (10) (700) 1,000 (330) 15 $ 3,070 Ending balance Requirement 1. Prepare the bank reconciliation of Ayers Associates at February 28, 2021. Begin with the bank section, then complete the book section. (Include the balances at February 28 in each of the addition subtotal calculations. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.) Ayers Associates Bank Reconciliation February 28, 2021 Balance, February 28, 2021 3,995 Add: Deposits in transit Less: Outstanding checks 400 3,100 1,100 Adjusted bank balance, February, 28, 2021 Books: Balance, February 28, 2021 Add: Bank collection of note receivable 1,000 Interest revenue earned 15 Less: Service charge 10 NSF check 700 EFT rent expense 330 1,040 Adjusted book balance, February 28, 2021 Requirement 2. Journalize the entries based on the bank reconciliation. (Record debits first, then credits. Exclude explanations from journal entries.) Prepare the journal entry to record the bank collection of the note receivable. Journal Entry Date Accounts Debit Credit Feb 28 Cash Note Receivable Prepare the journal entry to record the interest revenue earned on the account balance. Journal Entry Date Accounts Debit Credit Feb 28 Cash Interest Revenue Prepare the journal entry to record the bank service charge. Journal Entry Date Accounts Debit Credit Feb 28 Prepare the journal entry to record the NSF check from M.E. Crown. Journal Entry Date Accounts Debit Credit Feb 28 Prepare the journal entry to record the EFTmonthly rent expense. Journal Entry Date Accounts Debit Credit Feb 28