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Question (2) Dillman Food Store developed the following information in recording its bank statement for the month of March (1) Checks written in March but still outstanding $7,000. (2) Checks written in February but still outstanding $2,800. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $594 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $549. (6) Bank service charge for March was $50. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March. (8) The bank collected a note receivable for the company for $4,000 plus $150 interest revenue. Instructions Prepare a bank reconciliation at March 31 Question (3) On May 2, George Company lends $7,600 to Takei, Inc., issuing a 6-month, 9\% note. At the maturity date, November 2, Takei indicates that it cannot pay. Instructions (a) Prepare the entry to record the issuance of the note on May 2 (b) Prepare the entry to record the collection of the note on Nov. 2, assuming. that George Company expects collection will occur (c) Prepare the entry to record the collection of the note on Nov. 2, assuming that George Company does not expect collection in the future