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Revise your worksheet to reflect the following transactions and updated values at the end of the accounting period, then answer the questions that follow. (Note:
Revise your worksheet to reflect the following transactions and updated values at the end of the accounting period, then answer the questions that follow. (Note: You do not need to upload your revised worksheet for Part 2.) 1 Cash on hand at the company and not yet deposited at the bank. 2 EFT for monthly utility bill not yet recorded by the company. 3 Note collected by the bank and not yet recorded by the company. 4 Interest collected by the bank from note in #3 not yet recorded by the company. 5 A check witten for insurance expense for $90 was cashed. The check was recorded on the books for $160. 6 Checks written by the company but not yet processed by the bank. 7 Service fee charged by bank but not yet recorded by the company. 8 Customer checks determined by the bank to have nonsufficient funds. 5,000 1,500 9,800 1,300 ? 2,800 100 2,800 Bank balance at the end of the period. Company balance at the end of the period. 19, 210 14,640 Required: 1-a. What is the revised Cash balance at the end of the period? Cash 1-b. Is the bank reconciliation in balance? O Yes O No 2-a. What is the balance in Cash if the entry to correct the insurance payment hasn't been made? Cash
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