Question 1 BAYLOR ASSOCIATES Bank Reconciliation February 28, 2019 Bank $ 3,070 2,400 Bank balance, February 28, 2019 Add: Deposit in transit Subtract: Outstanding cheques: February 25 cheque February 27 cheque Adjusted bank balance $ 500 900 (1.400) $ 4,070 Books Book balance, February 28, 2019 $ 4,095 Add: Bank collection of note receivable $1,000 Interest revenue 15 1,015 5,110 Subtract: Service charge 10 NSF cheques 700 EFT-rent expense 330 (1.040) Adjusted book balance $ 4,070 Journalize the relevant entries from this bank reconciliation