P$1.$ The following information pertains to the reconciliation of the cash balance on Coyote's book with the cash balance on its bank statement as of $\frac{12}{31}\frac{?}{2023}.$

The company records show a cash balance of $$12,100,$ while the bank statement shows $$12,400.$

Deposits$-$in$-$transit: $$800.$

Outstanding checks: $$1,600$

NSF checks: $$750.$

Bank service fee: $$250.$

Electronic Fund Transfer: $$500$

Instructions: Prepare

the bank reconciliation for the company as of $\frac{12}{31}\frac{?}{2023},$

any necessary adjusting entries for Coyote's bank reconciliations.

P$2.$ Coyote reported credit sales of $$1,500,000$ in $2023.$ Based on its prior experience, it was estimated that $1\%$ of

Coyote's credit sales will not be collectible.

On $1/4/2024,$ Coyote wrote off $$1,700$ of Accounts Receivable from a customer who was in financial difficulty.

Instructions: Prepare any necessary journal entries

for bad debt expenses for $2023$ and

accounts receivable written off on $\frac{1}{4}\frac{?}{2024}.$

P$3.$ On $4/1/2023,$ Coyote Bank received a promissory note from its customer borrowing $$600,000.$ The term of the note were; a principal of $$600,000,6\%$ interest, and a due date of $\frac{9}{30}\frac{?}{2023}.$

Instructions: Prepare any necessary journal entries for note transactions of Coyote on

$\frac{4}{1}\frac{?}{2023},$&

$\frac{9}{30}\frac{?}{2023},$ assuming the note maker pays the principal and interests on time.