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prepare a bank reconciliation with the following information DATA Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February

prepare a bank reconciliation with the following information

DATA
Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February indicated the following:
Balance, February 28 $87,492
Service charge for February 100
Interest earned during February 850
NSF check from Valerie Corp. (deposited by Firebird) 620
Note and interest collected from a customer of Firebirds 14,350
Upon receiving the bank statement, Firebirds accountants analyzed its cash transactions for possible reconciling items between its cash balance per books and the bank statement:
Checking account balance per Firebirds books $71,400
Outstanding checks as of February 28 6,440
Deposit in transit at February 28 4,810
Error in recording check 7853 issued by Firebird 18
The correct amount of check 7853 is $697
It was recorded as a cash disbursement of $679 by mistake.
The check was issued to pay for merchandise purchases. The check appeared on the bank statement correctly.

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