Owen's book and bank balances matched at the end of August. However, his September 30thbank balance is $3,780.73 while his September 30thbook balance is $3,281.04. Assuming Owen does his bookkeeping promptly unless otherwise stated, complete his bank reconciliation (including necessary journal entries) using the following information:

1. a)In September, Owen wrote four cheques for $120, $432.50, $400, and $56.20. He sees the $120 and $400 cheques on his bank statement.
2. b)A customer visited the company bank and deposited $100 to settle a bill from last month. Owen has not journalized this transaction.
3. c)An August 29thcheque of $42.78 bounced on September 2nd. The bank charged an NSF cheque fee of $10. Owen has not journalized this transaction.
4. d)A customer wired $360 for work completed last week. The internet bill of $85.15 and hydro bill of $101.08 were automatically withdrawn. Owen has not journalized these transactions.
5. e)On the evening of September 30th, Owen deposited an envelope containing a $210 cheque in the bank mail slot. He can not find the deposit on the bank statement.

On July 1, 2022, Jose bought a used piece of machinery for $10,000. He expects the machine to last 4,500 machine hours or nine years, with a salvage value of $1,000. Assuming he uses the machine for300 hours in the first year, make Jose's Dec 31, 2022 journal entry with:

1. a)the straight-line depreciation method
2. b)the units-of-production depreciation method
3. c)the double-declining-balance depreciation method

Priya, asmall business owner who sells only one product, started March with no inventory. Over thecourseofthemonth, shemadethe followingpurchases:

Date

Numberofunits purchased

Totalcostoforder

March1

10

$920

March10

5

$480

March18

8

$760

March25

10

$930

March30

3

$300

HereisPriya'ssales data:

Date

Numberofunitssold

Total salesvalue

March4

2

$300

March7

4

$520

March8

1

$170

March11

3

$440

March16

2

$290

March20

5

$600

March24

4

$510

March27

6

$620

March31

4

$520

a)AssumingPriyauses thefirst-in-first-outinventorycostingmethod,whatishergrossmargin?

b)Assuming Priya uses the moving-weighted-average inventory costing method, what is the valueof her endinginventory?