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REQUIRED: Prepare a multi-step income statement to report the GROSS MARGIN for the year ended December 31, 2021 . [17 points] 2. The following information

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REQUIRED: Prepare a multi-step income statement to report the GROSS MARGIN for the year ended December 31, 2021 . [17 points] 2. The following information is available for Melita Company: a. Cash on the books as of June 30, 2022 amounted to $4,098.00. Cash on the bank statement for the same date was $7,735.00. b. Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724 c. A deposit of $425, representing cash receipts o June 30did not appear on the bank statement. d. The bank service charge for June amounted to $35.00 e. The bank collected $2,475.00 for Melita Company on note. The face value of the note was $2,400.00 f. An NSF check for $256 from a customer, Indigo, was returned with the statement. g. Outstanding checks totaled $1,860. REQUIRED: (1) Prepare a bank reconciliation for Melita Company as of June 30, 2022 (2) Prepare the necessary journal entries from the reconciliation. [11.25 points] 3. The following transactions took place for the month of January 2022. REQUIRED: Show necessary journal entries in the general journal to record the above transactions assuming a Perpetual Inventory Method is used. Omit explanatory memos. [14 points]

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