Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the company. This item is an) deduction from the balance per company's records addition to the balance per bank statement deduction from the balance per bank statement addition to the balance per company's records A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n) addition to the balance per the company's records addition to the balance per the bank statement deduction from the balance per the bank statement deduction from the balance per the company's records Use the information below to answer the following questions, The following lots of a particular commodity were available for sale during the year: Beginning inventory First purchase Second purchase Third purchase 10 units at $30 25 units at $32 30 units at $34 10 units at $35 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the LIFO method? $655 $620 $690 $659 Use the information below to answer the following questions. The following units of an inventory item were available for sale during the year: Beginning inventory First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The value of ending inventory rounded to the nearest dollar using average cost is $1,353 $1,263 O $1,375 $1,150 Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts? debit Other Income; credit Cash debit Cash; credit Other Income debit Cash; credit Accounts Receivable debit Accounts Receivable; credit Cash