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please need correct answers for both 2 requirement i really appreciate i will upvote your answer thanks 1. The cash account of Baylor Associates at
please need correct answers for both 2 requirement i really appreciate i will upvote your answer thanks 1. The cash account of Baylor Associates at February 28, 2014, follows. Cash Feb 1 Bal 3,995 Feb 3 400 6 800 12 3,100 15 1,800 19 1,100 23 1,100 25 500 28 2,400 27 900 Feb 28 Bal 4,095 Baylor Associates received the following bank statement on February 28, 2014: BANK STATEMENT BANK OF TOMORROW 123 PETER PAN RO, KISSIMMEE, FL 34747 Baylor Associates CHECKING ACCOUNT 138-213734 14 W Gadsden St Pensacola, FL 32501 FEBRUARY 28, 2014 BEGINNING BALANCE TOTAL DEPOSITS TOTAL WITHDRAWALS SERVICE CHARGES ENDING BALANCE 3,905 4,715 5,630 10 3,070 TRANSACTIONS DEPOSITS DATE AMOUNT Deposit 02/07 800 Deposit 02/15 EFT-Collection of note 02/17 1.000 Deposit 02/24 Interest 02/28 15 1.800 1.100 CHARGES Service Charge DATE 02/26 AMOUNT 10 CHECKS Number 102 101 Number 103 Amount 400 3.100 Amount 1.100 Number Amount OTHER DEDUCTIONS EFT-EZ Rent NSF Check DATE 02/01 02/13 AMOUNT 330 700 Additional data: Baylor deposits all cash receipts in the bank and makes all payments by check. Requirements 1. Prepare the bank reconciliation of Baylor Associates at February 28, 2014. 2. Journalize the entries based on the bank reconciliation
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