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on that date. The payment was recorded with a credit to the Unearned Rent account. (3 points) Required: 1. Use the information to prepare adjusting entries as of December 31, 2018. (21 points) 2. Prepare journal entries to record the first subsequent cash transaction in 2019 for parts cand e. (8 points) Question 2 Finac Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, its Cash account shows an $12,820 debit balance. Finac Company's June 30 bank statement shows $13,483 on deposit in the bank. Not answered Marked out of 10.00 Flag question a. Outstanding checks as of June 30 total $3,002. b. The June 30 bank statement lists a $65 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Finac Company mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. d. The June 30 cash receipts of $2,283 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. A) Prepare a bank reconciliation for Finac Company using the above information. (6 points) B) Journalize any transactions required from the bank reconciliation.(4 points) Question 3 Undem Scientific provides research consulting services to both university and corporate clients. The company closes its temporary accounts once each year on December 31. It recently issued the following income statement as part of its annual report