Consider the following general ledger and bank statement for Aneem Salon.

Account: Cash GL$.$ No$.101$

Date Explanation Debit Credit Balance

Feb $1$ Opening balance $7,600$ DR

Feb $6$ Jimmy Supplies$-$cheque #$7104907,110$ DR

Feb $9$ Slade Supplies$-$cheque #$7111,0006,110$ DR

Feb $13$ Steve Jackson $3806,490$ DR

Feb $15$ Beauty Maintenance Inc$-$cheque #$7125345,956$ DR

Feb $19$ Shona Care Ltd$-$cheque #$7138305,126$ DR

Feb $28$ Deposit $2,5007,626$ DR

Bank Statement

Date Explanation Withdrawal Deposit Balance

Feb $1$ Opening balance $7,600$

Feb $6$ Cheque #$7104907,110$

Feb $9$ Cheque #$7111,0006,110$

Feb $9$ EFT $-$ Monthly Rent $1,0105,100$

Feb $13$ Steve Jackson $3805,480$

Feb $13$ NSF cheque $3805,100$

Feb $13$ NSF charge $395,061$

Feb $15$ Cheque #$7124354,626$

Feb $21$ Cheque #$60912,9001,726$

Feb $28$ Service charges $321,694$

Feb $28$ Interest on bank account $271,721$

Additional Information

$1.$ On Feb $15,$ Aneem Salon purchased $$435$ worth of salon supplies from Beauty Maintenance Inc.

$2.$ The salon$$s cheque numbers are always three$-$digits in length.

Required

a$)$ Prepare a bank reconciliation for Aneem Salon on February $28,2022.$

b$)$ Prepare the necessary journal entries.

Do not enter dollar signs or commas in the input boxes.

Do not use negative signs.

Select the proper order for the headings of the Bank Reconciliation.

Answer

Aneem Salon

Answer

Bank Reconciliation

Answer

February $28,2022$

Cash balance per bank statement Answer

Cash balance per books Answer

Add Add

Outstanding deposit Answer

Interest earned Answer

Bank Error Answer

Answer

Ledger error Answer

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Deduct outstanding cheques Deduct

Cheque #$713$ Answer

EFT $-$ Rent Answer

NSF Cheque Answer

NSF service charge Answer

Bank service charges Answer

Answer

Adjusted bank balance Answer

Adjusted book balance Answer

Do not enter dollar signs or commas in the input boxes.

Date Account Title and Explanation Debit Credit

$2022$

Feb $28$ Answer

Answer

Answer

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To correct error on cheque #$712$

Feb $28$ Answer

Answer

Answer

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To record interest earned for the month of February

Feb $28$ Answer

Answer

Answer

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To record EFT $-$ monthly rent

Feb $28$ Answer

Answer

Answer

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To record NSF cheque returned by bank

Feb $28$ Answer

Answer

Answer

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To record bank charges for NSF cheque

Feb $28$ Answer

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Answer

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To record service charges for the month of February