The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 29. The February bank statement and the February T-account for cash showed the following (summarized): Checks BANK STATEMENT Deposits Other #101 $ 16,500 $ 10,000 NSF $ 350 #102 #103 11,900 8,100 Balance, February 1 February 2 February 4 February 5 February 9 February 12 February 14 February 19 February 23 February 26 February 27 February 28 Balance $ 54,500 38,000 48,000 47,650 35,750 27,650 40, 150 30,250 45,600 38,300 38,510 38,465 12,500 #104 9,900 15, 350 #105 7,300 Interest earned Service charge 210 45 Cash (A) Debit Balance Credit February 1 February 2 February 13 February 21 February 28 54,500 10,000 12,500 15, 350 8,400 16,500 11,900 8,100 9,900 7,300 1,350 February 1 February 7 February 11 February 17 February 25 February 29 #101 #102 #103 #104 #105 #106 February 29 Balance 45,700 Tony Company's bank reconciliation at the end of January showed no outstanding checks. No deposits were in transit at the end of January, but a deposit was in transit at the end of February. Required: 1. Prepare a bank reconciliation for February. TONY COMPANY Bank Statement Ending Balance Per Bank Statement Additions: Bank Reconciliation At February 29 Company's Books Ending Balance Per Cash Account Additions: 0 0 0 0 Deductions: Deductions: 0 0 Up-to-Date Cash Balance $ 0 Up-to-Date Cash Balance $ 0 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account