Question 41 BANK RECONCILIATION (15 points) A review of the June 30 bank statement and other data of Jordan Company reveals the following: 1. Balance per bank statement on June 30..... $1.950 2. Balance per books on June 30. ... ....$460 3. NSF Check from R. Angel in payment of account. ...$420 4. Collection of $2,000, 6-month, 5% note with a $25 collection fee. No interest has been accrued.. ........2,025 5. Deposits in transit at June 30.... ..........3,550 6. Outstanding checks at June 30........ ...4,120 7. A check written by Jordan to O'Shea for salary on June 10 was recorded at $540 but correctly cleared the bank at $450. 8. A check drawn on the account of Riverside Company for $775 was mistakenly charged against Jordan's account by the bank. Instructions: Prepare the June 30 (a) bank reconciliation (omit heading) and (b) related journal entries. B1y A - A - I E 33 1 - V T 12pt - Paragraph Question 42 12 pts Sales INVENTORY (12 points) Erving Company had a beginning inventory of 600 units at a cost of $8 per unit on August 1. During the month, the following purchases and sales were made. Purchases Aug 6 400 units at $9 9 400 units Aug 17 800 units at $8 Aug 13 500 units Aug 22 200 units at $10 Aug 19 600 units 26 300 units Erving uses a periodic inventory system. Instructions: Determine ending inventory and cost of goods sold under a average cost. (2) FIFO, and (3) LIFO. HE BIVAA. I EE1% Paragraph Canvas + XCIO Question 43 18 pts DEPRECIATION (18 points) Blume Company purchased equipment for $250,000 cash on January 1, 2016. The estimated life is 4 years or 300,000 units salvage value is estimated at $10,000. Actual activity was 52,500 units in 2016 and 67.500 units in 2017 Instructions: Compute the annual depreciation expense for 2016 and 2017, and book value at December 31, 2017, under the following depreciation methods: (1) units-of-activity, (2) straight-line, and (3) double declining-balance. BIVAN IE * 3 1.x x.EE - V T 14 12pt Paragraph - O words