Preparing a bank reconciliation and journal entriesThis problem continues the Draper Consu...

Preparing a bank reconciliation and journal entries

This problem continues the Draper Consulting situation from Problem of Chapter 6. Draper performs systems consulting. Draper’s February Cash from its general ledger is as follows:

Draper’s bank statement dated February 28, 2013, follows:

Requirements

1. Prepare the February bank reconciliation.

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2. Journalize and post any transactions required from the bank reconciliation. Key all items by date. Compute each account balance, and denote the balance as Bal.