The cash account of McDonald Inc, at Fabruary 28, 2017, fellows: (Click the icon to view the cash account.) Areil McDonald deposits all cash receipts in the benk and makes all paymets by cheque. McDonald Inc receives ths bank statement on Februery 28, 2017 (as alweys, negative amounts are in parentheses Click the icon to view the bank statement.) Requirement 1. Prepare the bank reconcliation of McDonald Inc. at February 28, 2017 Begin wilth the bank section and then complete the bcok section. (Include the balances at February 28 in each of the addition subtotal caloulations. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) MeDonald Inc February 28, 2017 Requirement 2. Record the journal entries besed on the bank reconcliation. (Record debits first and then eredits. Include explanations in journal entries Prepare the journal entry to record the bank collection of the note receivable. Journal Entry Date Accounts Credit Feb 28 Cash account Prepare the journal entry to record the interest revenue eamed on the account balance. Credit Feb 28 Feb. 1 Balance 3.2 . 400 3,600 ,500 600 12 15 2,1 19 Prepare the journal entry to record the bank service charge. Feb. 28 Balance 4, Feb 28 Print Done Prepare the journal entry to record the NSF cheque from M.E. Crown. Journal Entry Bank statement Date Feb 28 Bank Statement for February 2017 Beginning balance S 3,250 S 400 2,100 1,900 Feb. 7 Prepare the journal entry to record the EFT-monthly rent expense. Journal Entry 4,400 Choques (total per day): Date Debit Credit S 400 3,600 1,500 Feb. Feb 28 16 (5,500) Other tems: Service charge NSF cheque from M. E. Crown Bank colection of note receivable EFT-monthly rent expense Intorest on account balanco (25) 1,600 (280) S 3,059 Ending balance Includes interest of $121