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You may use any of the Additional Resources listed in the drop-down menu above to help you complete this activity, but you are not required to do so. To access each resource, click on its name in the drop-down menu above. The cash account for Interactive Systems at February 28, 2010, indicated a balance of $7,635. The bank statement indicated a balance of $13,333 on February 28, 2010. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: 1. Checks outstanding totaled $4,118. 2. A deposit of $4,500, representing receipts of February 28, had been made too late to appear on the bank statement. 3. The bank had collected $5,200 on a note left for collection. The face of the note was $5,000. 4. A check for $290 returned with the statement had been incorrectly recorded by Interactive Systems as $920. The check was for the payment of an obligation to Busser Co. for the purchase of office supplies on account. 5. A check drawn for $415 had been incorrectly charged by the bank as $145. 6. Bank service charges for February amounted to $20. 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. If a box does not require an entry, leave it blank
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