Why is check no. 116 included in the answer?

2.840,000 220.000 3,110,000 5.000 3105.000 3.263.000 3.715,000 Balance per book Add: CM for note collected Total Less: DM for service charge Adjusted book balance Balance per bank Add: Deposit in transit Total Less: Outstanding check No. 116 122 124 Adjusted bank balance Adjusting entries 1. Cash in bank Bank service charge Note receivable Interest income 2. Bank service charge Cash in bank 60,000 180.000 120.000 125 610.000 31105.000 270.000 10,000 250,000 30.000 5.000 5.000 Problem 2-3 (IAA) Xanthous Company provided the following bank reconciliation on January 31 of the current year: Bank balance Add Deposit in transit Total Deduct Outstanding checks: No. 114 115 116 300.000 600,000 900.000 240,000 160,000 60,000 Adjusted bank balance 460,000 440,000 All receipts of cash are deposited in the bank account. The bank statement for the month of February is presented below. Checks Balance 240,000 200,000 900.000 160,000 THIRD BANK Deposit Date Balance forwarded Jan. 31 600,000 Feb. 1 2,000,000 3 5 400,000 7 9 1,000,000 10 13 1,200,000 16 1,300,000 21 23 24 550,000 27 28 300,000 660,000 2,660,000 2,460,000 1,960,000 1,800,000 2,800,000 2,300,000 3,500,000 4,800,000 4,250,000 4,245,000 3,795,000 3,265,000 500,000 550,000 5,000 SC 1,000,000 800,000 270,000 CM The following information was taken from the credit memo of February 28: Face of the note 250,000 Interest on the note 30,000 280,000 Maturity value of the note 10,000 Collection charge 270,000 Credit to your account The following data were taken from the cash journals of Xanthous Company: Date Cash Receipt Journal Debit Cash Feb. 2 2,000,000 6 400,000 800,000 10 200,000 15 1,200,000 20 1,300,000 550,000 28 450,000 Cash Disbursement Journal Check No. 117 118 119 120 121 122 123 124 125 Credit Cash 200,000 900,000 800,000 500,000 550,000 180,000 1,000,000 120,000 250,000 24 4,500,000 6,900,000 Required: a. Prepare bank reconciliation on February 28, showing the book balances before and after adjustment. b. Prepare journal entries to record the adjustments that are indicated by the bank reconciliation