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The actual cash received during the week ended June 7 for cash sales was $18,564, and the amount indicated by the cash register total was $18,543. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. June 7 Cash 18,564 Sales 18,543 Cash Short and Over 21 Using the following information: a. The bank statement balance is $4,075. b. The cash account balance is $4,689. c. Outstanding checks amounted to $601. d. Deposits in transit are $1,155. e. The bank service charge is $51. f. A check for $79 for supplies was recorded as $70 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement Adjustments: Deposits in transit not recorded by bank 4,075 1,155 Outstanding checks 601 Total adjustments 554 Adjusted balance 4,629 TA 4,689 Cash balance according to company's records Adjustments: Bank service charge $ 51 Error in recording check 9 Total adjustments 60 $ Adjusted balance 4,629 The Boxwood Company sells blankets for $35 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 9 $18 10 Sale 3 17 Purchase 14 $17 20 Sale 5 23 Sale 3 30 Purchase 12 $21 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. a. $483 Ob. $652 Oc. $190 d. $462