PROBLEM 2 BANK RECONCILIATION WITH ENTRIES (18 points) Alykhan Industries provided the following information for the month of February a b 1 Balance per bank on February 28$31,080 2 Balance per books on February 28-$32,210 3 Total outstanding checks at February 28-$2,100 4 Debit memoranda NSF check from Sanderson, Inc. - $450 Printing company checks---$20 Electronic payment to bank for a loan-$2,220. Of this amount, $90 is interest 5 Credit memorandum: EFT from customer for $1,450 6 A check written this month to City Utilities and cleared the bank at the correct amount of $1,790, but was recorded at $1,870. 7 The bank charged a $270 check of ABC Company against Alykhan Industries' account. 8 Deposit in transit on February 28-$1,800 5 7 Instructions B On the solution tab: 9 A. Prepare a bank reconciliation in proper format. 0 B. Record the necessary journal entries for the month of February for Alykhan Industries 1 5 5