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Could you please help me on these questions just to see if I got them correct, thank you. 71 AaBbCcDdEe AaBbccddee Aa BbCcDc AaBbCoDdEe Normal

Could you please help me on these questions just to see if I got them correct, thank you.

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71 AaBbCcDdEe AaBbccddee Aa BbCcDc AaBbCoDdEe Normal No Spacing Heading 1 Heading 2 Chapter 6 Assignment Total Points 30 1. Bank Reconciliation Statement Preparation 20 Points Based on the following information prepare the bank reconciliation for Abco Corp. From Bank Statement: Balance at May 31 Note and interest collected by bank NSF check Service charge for April Interest earned Deposit error overstating cash $11,560 $3,300 $400 $75 $150 $360 From Books: Balance per company books Deposit in transit Outstanding checks at 5/31 Error in recording check #100 $8,665 $1,200 $850 $90 From the company records the following is noted: Check #100 written by Abse- correct amount was $540, but was recorded on the books as $450. The check was properly recorded by the bank. Bank Reconciliation Balance per bank statement $11560 Add: Deposit in transit $1200 Deposit error overstanding cash 360 $1560 Subtotal Deduct: Outstanding checks at 5/31 $13120 (850) Adjusted bank balance $12270 Balance per books $8665 Add: Note and interest collected by bank Interest earned $3300 150 $3450 Subtotal $12115 Deduct: NSF Check Error in recording check #100 Service Charge for April (400) (90) (75) Adjusted book balance (565) $11550 Focus AutoSave OFF * 47% 0 Sun 8:50 PM a SUODE: Chapter 6... - Saved to my Mac Q Layout References Tell me Share Comments Home Insert Draw Design = Times New... 12 ' Aa A v Paste BI U ee X X Aveo Ay Paragraph Styles Dictate Sensitivity 2. Identifying Cash and Cash Equivalents 10 Points Identify each of the following with the letter Y if you think that Yes, each item is accounted for as cash or a cash equivalent, or N if you think that No each item is not accounted for as cash or a cash equivalent Y_A. Undeposited checks received from customers. Y B. A one-year U. S. Treasury bill N C. Postage stamps Y D. Petty Cash Y E. Investments in stock certificates to be sold in 3 months N F. Currency and coin in a cash register drawer Y G. Commercial paper maturing in 60 days Y H. Cashier's check Y I. IBM bonds to be sold in 1 month. NJ. Money order received as a deposit from a customer. + Page 2 of 2 299 words NE 132% Focus Es stv E2 W

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