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.

Prepare a bank reconciliation for Daisy on February 28, 2016. Additional Instructions

Daisy Company

Bank Reconciliation

February 28, 2016

1	Balance from bank statement
2	Deduct:
3
4
5
6
7	Adjusted cash balance
8
9	Balance from company records
10	Add:
11
12
13	Deduct:
14
15
16
17	Adjusted cash balance