Ejercicios de Prctica Mdulo III (30 puntos) Instructions: Ex. #1: Using the following information prepare the bank reconciliation for Cole Co. for May 31, 2022: (10 points / 2 points each) (a) Cash balance according to bank statement is $3,012. (b) The cash balance according to the accounting books of the business is $3,165. (c) Outstanding checks totaled $590. (d) Deposits in transit (not reflected) \$704. (e) Bank service charges $30. (f) A check for $76 for the purchase of materials was recorded for $67 in the books of account. Cole Co. Bank Reconciliation May 31,2022 Ex. #2: Beginning inventory, purchases made, and sales made of tennis rackets were as follows: ( 12 points/ 4 points each) Date Transaction Units / Cost Feb, 3 Inventary 12 units (ii) 315 Feb. 11 Purchase 13 units (a) 517 Fob, 14 Purchasce 9 units it 520 Fco.24Feb,25SaleSale18units10units Instructions: Assuming the business maintains a periodic inventory system, Calculate the cost of merchandise sold and ending inventory under the following inventory methods. a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Average Cost Method FIFO: Cost of Merchandise Sold under FIFO Method: Ending Inventory under FIFO Method: LIFO: Cost of Merchandise Sold under FIFO Method: Ending Inventory under FIFO Method: LIFO: Cost of Merchandise Sold under LIFO Method: Ending Inventory under LIFO Method: Average Cost Method: Cost of Merchandise Sold under Average Method Ending Inventory under Average Method Ending Inventory under Average Method Ex. #3: Record the following transactions using the allowance method of accounting for uncollectible receivables. (4 points/ 2 points each) June 10- Received \$1,300 from Jan Downs and paid the remaining $4,200 owed. Oct. 11- Restored Jan Downs account and received $4,200 cash for full debt. Ex. #4: Uncollectible Accounts (4 points) Instructions: 1. Calculate the amount of each period that is considered uncollectible. Requirement: You must show the calculations for your