1. Using the following information:

a. The bank statement balance is $11,692.

b. The cash account balance in the ledger is $12,016.

c Outstanding checks amounted to $3,052.

d. Deposits in transit are $2,908.

e. The bank service charge is $432.

f. A check for $308 for supplies was recorded as $272 in the ledger.

Based on the bank reconciliation, record the journal entries to update the company's cash account.

2. At the end of the current year, Accounts Receivable has a balance of $123,120; Allowance for Doubtful Accounts has

an unadjusted credit balance of $10,000, and credit sales for the year total $1,935,000. Bad debt expense is estimated

at 1% of credit sales.

Record the adjusting journal entry for bad debt expense under the allowance method.

3. Equipment was acquired at the beginning of the year at a cost of $200,000. The equipment was depreciated using

the straight-line method based on an estimated useful life of 5 years and an estimated residual value of $0.

Record the adjusting journal entry for the depreciation for the first year.