Instructions Valentine Investigations has the following information for its cash account: $ 7,581 Balance, 1/31 Deposits during February Checks written during February 106,850 102,440 Valentine's bank statement for February contained the following information: Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Balance per bank, 1/31 $9,075.00 2 Add: 3 February deposits 104,900,00 $115,975.00 4 5 Less: Checks paid in February Bank service charge Debit memo (electric bill) $(100,800.00) (50.00) (900.00) (101,750.00) $12,225.00 9 Balance per bank, 2/28 Bank Reconciliation 1. Prepare a bank reconciliation as of February 28. Bank Reconciliation Instructions Valentine Investigations Bank Reconciliation Schedule February 28, 20XX 1 Cash balance from bank statement 2 3 4 Adjusted cash balance 5 Cash balance from company records 6 7 8 Adjusted cash balance General Journal 2 Prepare adjusting entries for Valentine based on the information developed in the bank reconciation on February 28 General Jawnal Instructions GENERAL JOURNAL MPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME 5T DATE POSTER DEBIT CREDIT ASSETS LIABILITIES TORTY AVENUE CITO ACCOUNT TITLE Adjusting Entries 2 3 Amount Descriptions Final Question 3. What is the amount of cash that should be reported on the February 28 balance sheet? Amount Descriptions Add: Deposits in transit Add: Outstanding checks Add: Debit memo (electric bim Add: Service charge Less Deposits in transit Less: Outstanding checks Less: Debit memo (electric by Less: Service charge