12,089 Balance per depositor's records, March 31 Add Less: Adjusted balance (as above) 2. Prepare the necessary journal entries (in general journal form) to adjust the accounting records of Lincoln Company as of March 31. (Explanations may be omitted; one compound journal entry is acceptable). (5 points) 3. Determine the amount of cash and cash equivalents that should be reported in the company's balance sheet dated March 31. (5 points) 5. Compute the cost of goods sold (COGS) for the two weeks of January assuming use of the periodic system. (Use your answer to part 3. as the ending inventory.) (5 points) 12,089 Balance per depositor's records, March 31 Add Less: Adjusted balance (as above) 2. Prepare the necessary journal entries (in general journal form) to adjust the accounting records of Lincoln Company as of March 31. (Explanations may be omitted; one compound journal entry is acceptable). (5 points) 3. Determine the amount of cash and cash equivalents that should be reported in the company's balance sheet dated March 31. (5 points) 5. Compute the cost of goods sold (COGS) for the two weeks of January assuming use of the periodic system. (Use your answer to part 3. as the ending inventory.) (5 points)