Daisy Company received a bank statement for February, as follows:

Date	Checks		Deposits		Balance
Feb.
1					$ 4,524.80
7	$ 2,700.33		$8,642.61
9	3,484.81
14	6.00	SC	460.00	CM
16	274.09
21	4,133.60		3,385.49
23	69.69	NSF
28					$ 6,344.38

SC = Service Charge; NSF - Check Returned; CM = Credit Memo; DM = Debit Memo

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 companys accounting records contained the following information: Cash balance on February 28 from the books: $2,610.42 Cash Disbursements Cash Receipts Ck No. 155 $2,700.33 Feb. 7 $8,624.61 156 3,484.81 21 3,385.49 157 274.09 158 589.02 159 4,133.60 160 2,742.63 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.