1.Determine whether the firm reports each of the following items as part of cash and cash equivalents in the balance sheet.(Yes or No Answers)

	Item	Cash or Cash Equivalent
1.	Currency
2.	Inventory for sale to customers
3.	Balance in savings account
4.	Checks
5.	Accounts receivable
6.	Investments with maturities of less than three months

2. Select the appropriate term associated with a bank reconciliation for each of the following descriptions

(Bank service fee, Checks outstaning, Company error, Deposit outstanding, interest earned, NSF Checks)

	Descriptions	Terms
a.	Cash receipts received by the company but not yet recorded by the bank.
b.	Fees imposed by the bank to the company for providing routine services.
c.	Checks written to the company that are returned by the bank as not having adequate funds.
d.	Checks written by the company but not yet recorded by the bank.
e.	Money earned on the average daily balance of the checking account.
f.	The company recorded a deposit twice.

3.

Select whether the firm should add or subtract each item below from its balance of cash or the bank