Bonus 12 Points Required Indicate whether each of the following transactions is an asset source, asset use, or asset exchange transaction 1. Purchased merchandise inventory for cash. 2. Purchased merchandise inventory on account. 3. Returned merchandise purchased on account. 4a Sold merchandise inventory for cash. (Revenue recognition) 4b Sold merchandise inventory for cash. (Expense recognition) 5. Paid cash on accounts payable not within the discount period. 6a Sold merchandise inventory on account. (Revenue recognition) 6b Sold merchandise inventory on account. (Expense recognition) 7. Paid cash for selling and administrative expenses. 8. Paid cash for transportation-in. 9. Collected cash from accounts receivable 10 Paid cash for transportation-out. Bonus Bank Reconciliation 8 Points As of June 30, 2018, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1) Deposit in transit, $2,40 2) Credit memo in bank statement for interest earned in June, $30 3) Outstanding check, $6,690. 4) Debit memo for service charge, $20 Required Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information