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I need help with 1-8 Use the following to answer questions 1 -4 Determine whether the firm reports each of the following items as part
I need help with 1-8
Use the following to answer questions 1 -4 Determine whether the firm reports each of the following items as part of cash, cash equivalents, or neither in the balance sheet Cash, Cash equivalent, Item or neither 90 day Certificates of Deposit Checks to be deposited 1 2 3 Stamps Investments with maturities of less than three months 4. Use the following to answer questions 5 -8 Bank Reconciliation: Identify whether the item should be added or subtracted from the bank balance or the company balance. Use the number (1-4) for your response. For instance, if the amount should be added to bank statement balance you would input 1. 1. Added to bank statement balance 2. Subtracted from bank statement balance 3. Added to company cash balance 4. Subtracted from company cash balance Item Company error, recorded the same deposit twice Note receivable collected by the bank Bank error, check written for $320 but bank subtracted $230 6 7 CO NSFStep by Step Solution
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