Daisy Company received a bank statement for February, as follows: SC=ServiceCharge;NSF-CheckReturned;CM=CreditMemo;DM=DebitMemo The receipt of $460 on February 14 was for a $445 note collected by the bank, plus $20 current interest, minus a $5 service charge (Miscellaneous expense). The company's accounting records contained the following information: Cash balance on February 28 from the books: $2,610.42 Note: All receipts are verified and correct. Required: 1. Prepare a bank reconciliation on February 28, 2016, for Daisy. 2. Prepare the journal entries that Daisy should record as a result of the reconciliation. Chart of Accounts CHART OF ACCOUNTS Daisy Corporation General Ledger ASSETS 111 Cash 121 Accounts Receivable 125 Notes Receivable 141 Inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation LIABILITIES 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained Earnings REVENUE 411 Sales Revenue 431 Interest Income EXPENSES 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 Income Tax Expense Amount Descriptions Amount Descriptions Outstanding ck158 Outstanding ck160 Adjusted cash balance Bank service charge (Miscellaneous expense) Error in deposit Note collected by bank, net NSF check Prepare the journal entries that Daisy should record on February 28 as a result of the reconciliation. Additi Bank Reconciliation Prepare a bank reconciliation for Daisy on February 28, 2016. Additional Instructions