1. The purpose of completing a bank reconciliation is to a. fix the mistakes made by a company when recording cash transactions b. determine the actual balance of the cash account c. fix the mistakes made by a bank when recording cash transactie d. make sure all the debits to cash equal all the credits to cash 2. Cash equivalents a. are illegal in some states b. will be converted to cash within 90 days c. will be converted to cash within two years d. will be converted to cash within 120 days