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The cash account for Global Co. on February 28, 2020, indicated a balance of $8,635. The bank statement indicated a balance of $13,063 on February

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The cash account for Global Co. on February 28, 2020, indicated a balance of $8,635. The bank statement indicated a balance of $13,063 on February 28, 2020. Acomparison of the details on the bank statement with the details in the cash account revealed the following Facts: 1. Checks outstanding totaled $4,118. 2. A deposit in transit of $4,500. 3. The bank had collected notes receivable of $5,000, plus 250 interests. The bank charged a collection fee of $50. 4. The company issued check for $290 to Fisher Co. The check, which cleared the bank in February, was incorrectly journalized by $920. The check was for the payment for supplies purchased. Finis 5. Bank service charges for February amounted to $20. 6. On February, the bank statement showed NSF charge of $1,000 for a check issued by one of customers to this company. Instructions 1. Prepare bank reconciliation for the Month of February. 2. Prepare the necessary adjusting entries related to bank reconciliation at February 28, 2020

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