Instructions Valentine Investigations has the following information for its cash account: Balance, 1/31 Deposits during February Checks written during February $ 7.636 108,830 102,480 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20xx Balance per bank, 1/51 $9,112.00 Add: February deposits 105,250.00 $114,362.00 Less Checks paid in February Bank service charge $(100,300.00) (60.00) (900.00) Debit memo (electric bill) (101,260.00) $13,102.00 Balance per bank, 2/28 A comparison of company records with the bank statement provided the following data: Deposits in transit Outstanding checks At 1/31 $2,740 4.216 At 2/28 $4,320 6,378 Required: 1. Prepare a bank reconciliation as of February 28. 1. Prepare a bank reconciliation as of February 28. Bank Reconciliation Instructions Score: 53/60 Valentine Investigations Bank Reconciliation Schedule February 28, 20xx Cash balance from bank statement Add: Deposits in transit Less: Outstanding checks $13,102.00 4320.00 (6,376.00) $11,046.00 $12,006.00 Adjusted cash balance Cash balance from company records Less: Service charge $(60.00) (900.00) Less:Debit memo (electric bill) Adjusted cash balance $11,046.00 Points: 11.48/13