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\begin{tabular}{|l|c|c|c|} \hline \multicolumn{4}{|c|}{ 1. BANK RECONCILATION PROBLEMS } \\ \hline & A & B & C \\ \hline \begin{tabular}{l} BALANCE PER \\ BANK \end{tabular} & 20,000 & 25,000 & 30,000 \\ \hline \begin{tabular}{l} BALLANCE PER \\ BOOKS \end{tabular} & 19,500 & 22,500 & 29,500 \\ \hline \begin{tabular}{l} OUTSTANDING \\ CHECKS \end{tabular} & 4,000 & 5,000 & 3,000 \\ \hline \begin{tabular}{l} DEPPOSTISIN \\ TRANSIST \end{tabular} & 5,000 & 3,000 & 4,000 \\ \hline \begin{tabular}{l} INTEREST INCOME \\ CREDITED BY \\ BANNK \end{tabular} & 2,000 & 1,000 & 2,000 \\ \hline SERVICE CHARGE & 500 & 500 & 500 \\ \hline & & & \\ \hline \end{tabular} BANK RECONCILIATION ANSWER TEMPLATE Company Analysis 2. Which of the following will NOT require a journal entry to the company's books? A. Check Printing Charge B. Outstanding Checks C. Fee for NSF Check 3. A company recorded its check \#315 in its accounting records as $75 However, check $315 was Astually yrit ten for $7 and it cleared the bank as $57. What adjustment is needed to the Cash balance per books? A. Decrease By $18 B. Increase By $18 C. None Needed 4. A company recorded its August 15 receipts on its books as $285. However, the receipts were astually $258. The deposit slip for the bank was prepared correctly as $258. What adjustment is needed to the Cash balance per books? A. Decrease By $27 B, Increase By $27 C. None Needed 5. Select the location for following items on a bank reconciliation: Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $300,000 and credit sales are $1,000,000. An Aging of accounts receivable shows that approximately 10% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? 6. JHJ Publishing utilizes the percentage of sales method in estimating bad debt expense and the estimated uncollectible rate is 10%. The accounts receivable balance is $300,000 and credit aler are $1,000,000. An Aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtfinl Accounts has a credit balance of $2.000 before adiuatment? STATEMENT OF CASH FLOW STUDY PROBLEM 1. Invested $200,000 to start JHJ rental car company 2. Paid cash of $10,000 for supplies 3. Paid cash of $24,000 on July 1 for one-year insurance policy 4. Purchased equipment on account in the amount of $10,000 5. Purchased $15,000 in supplies on account 6. Paid advertising expense of $10,000 7. Purchased ten autos for $30,000 each paying $50,000 down and signed a note for the balance 8. Received cash car rental revenue $400,000 9. Paid office salaries of $80,000 10. Paid rent expense of $40,000 11. Car rental revenue earned from corporate customers on account $100,000 12. Paid on accounts payable $20,000 13. Collection of cash from corporate customers $100,000 14. Ending supplies inventory $20,000 REQUIRED: Prepare Statement of Cash Flow