25. Using the following information, prepare a bank reconciliation for Miller Co. for August 31: (a) (b) (c) (d) (e) (f) The bank statement balance is $4,690 The cash account balance is $5.080. Outstanding checks amounted to $715. Deposits in transit are $1.020. The bank service charge is $40. A check for $72 for supplies was recorded as $27 in the ledger. 26. Journalize the entries to record the following: Sept. 1 30 Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100.Record any missing funds in the cash short and over account. Journal Description Post. Ref. Debit Date --- O uesdus. 30. On the basis of the following data for Sanford Industries as of December 31, determine the value of the inventory at the market. Also, show how the inventory would appear on the balance sheet (assume that the cost was determined by the FIF lower of cost or market to each inventory item. Commodity Size 4 Size 5 Size 6 Size 7 Inventory Quantity 9 10 14 12 Cost per Unit $17 17 20 13 Market Value per Unit $19 14 2 2 15