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please answer both questions, thank you The Cash account of Safe and Secure Security Systems reported a balance of $2,570 at December 31, 2018. There
please answer both questions, thank you
The Cash account of Safe and Secure Security Systems reported a balance of $2,570 at December 31, 2018. There were outstanding checks totaling $300 and a December 31 deposit in transit of $200. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of $3,170. Included in the bank balance was a collection of $510 on account from Nicole Lee, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $30 service charge and $20 of interest revenue that Safe and Secure earned on its bank balance. Prepare Safe and Secure's bank reconciliation at December 31. Safe and Secure Security Systems Bank Reconciliation December 31, 2018 Bank: Balance, December 31, 2018 ADD: LESS: Adjusted bank balance, December 31, 2018 Book: Balance, December 31, 2018 ADD: | LESS: Adjusted book balance, December 31, 2018 Warwick Communications reported the following figures in its annual financial statements: E: (Click the icon to view the figures.) Compute the rate of inventory turnover and days' sales in inventory for Warwick Communications. (Round to two decimal places.) Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two decimal places, X.XX.) = Inventory turnover times Select the labels and enter the amounts to compute the days' sales in inventory for the year. (Round your answer to two decimal places, X.XX.) = Days' sales in inventory daysStep by Step Solution
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