Great Falls Co.'s bank reconciliation as of February 28 is shown below.

Bank balance	$37,643	Book balance	$38,153
+ Deposit in transit	2,950	Note collection	+745
- Outstanding checks	-1,730	Check printing	-35
Adjusted book balance	$38,863		$38,863

The adjusting journal entries that Great Falls must record as a result of the bank reconciliation include:

Debit Note Payable $745; credit Cash $745. Debit Miscellaneous Expense $35; credit Accounts Payable $35. Debit Cash $2,950; credit Accounts Receivable $2,950. Debit Cash $745; credit Note Receivable $745. Debit Cash $2,950; credit Sales $2,950.