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Corbin Catering prepares monthly bank reconciliations of its checking account balance. The bank statement received...

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Accounting

Corbin Catering prepares monthly bank reconciliations of its checking account balance. The bank statement received by Corbin Catering for February 20X9 follows:,Corbin Catering, First Fifth Bank,54 Windsong Drive ,POBox 22,

BANK STATEMENT ,DATEOF STATEMENT:

February 28, 20X9,,Balance,February 1, 2009,$29,500,Interestearned ,$100,Servicecharge,$40,Accountcollected on behalf of Corbin ,1,600,Checks:,#310 ,120,#312,260,#313 ,180,#314 ,215,#316 ,80,#317 ,110,Deposits:,February 15, 20X9 ,5,000,Ending Balance ,$35,195,Corbin Caterings books disclosed the following additional information:,

Checking account balance, February 1, 20X9 ,$29,500,Checkswritten:,#310 ,$120,#311 ,40,#312 ,260,#313 ,180,#314,215,#315 ,200,#316 ,80,#317 ,110,Deposits:,February15, 20X9,$5,000,February28, 20X9,2,500,Endingbalance ,$35,795,:,

a)Prepare a bank reconciliation for Corbin Catering at February 28, 20X9

b) when and why are adjustments made to the books after reconciliation of the bank account. Pass necessary journal entries Corbin Catering

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