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The bank statement for the checking account Information that might be useful in preparing a bank reconc iation is as follows: of Management Systems Inc.

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The bank statement for the checking account Information that might be useful in preparing a bank reconc iation is as follows: of Management Systems Inc. (MS) showed a December 31, 2018, balance of $16,23612 a. Outstanding checks were $1,482 65 b. The December 31, 2018, cash receipts of $655 were not deposited in the bank until January 2, 2019 c One check written in payment of rent for $262 was correctly recorded by the bank but was recorded by MSI as a $276 points disbursement d. In accordance with prior authorization, the bank withdrew $610 directly from the checking account as paryment on a mortgage note payable. The interest portion of that payment was $430 MSI has made no entry to record the automatic payment e. Bank service charges of $30 were listed on the bank statement f. A deposit of $955 was recorded by the bank on December 13, but it did not belong to MSI. The deposit should have been made to the checking account of MIS, Inc. g The bank statement included a charge of $55 for an NSF check. The check was returned with the bank statement and the company will seek payment from the customer h MSI maintains a $250 petty cash fund that was appropriately reimbursed at the end of December t According to instructions from MSI on December 30, the bank withdrew $18,000 from the account and purchased U.S. Treasury bills orded the transaction in its books on December 31 when it received notice from the bank Half of the Treasury bills Print for MSI. MSI rec mature in two months and the other half in six months References Required: 1. Prepar You well have to c 2 Prepare any necessary adjusting journal entries indicated. 3. What amount would MSI report as cash and cash equvalents in the current asset section of the December 31, 2018, balance sheet? ompute the balance per books e a bank reconciliation for the MSI checking account at December 31, 2018 Complete this question by entering your answers in the tabs below Required 3 Required 1 Required 2 Prepare a bank reconciliation for the MSI checking account at December 31, 2018. You will have to compute the balance per books. (Round your answers to 2 decimal places.) Pray1o Ne

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