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(The following information applies to the questions displayed below.] The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February
(The following information applies to the questions displayed below.] 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): BANK STATEMENT Checks Deposits Other #101 $20,000 $17,000 NSF $420 #102 #103 14,000 9,500 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 $66,400 46,400 63,400 62,980 48,980 39,480 58,980 46,980 65, 130 56,430 56,780 56,725 19,500 #104 12,000 18,150 #105 8,700 Interest earned Service charge 350 55 Balance Feb. 1 Feb. 2 Feb. 13 Feb. 21 Feb. 28 Cash (A) 66,400 17,000 20,000 19,500 14,000 18, 150 9,500 9,800 12,000 8,700 1,700 64,950 Feb. 1 Feb. 7 Feb. 11 Feb. 17 Feb. 25 Feb. 29 #101 #102 #103 #104 #105 #106 Feb. 29 Balance 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. 3. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Balance in Cash Account
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