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The bank statement for the checking account of Management Systems incorporated (MSh) showed a December 31 , 2024 , balance of $14.932.87. Information that might

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The bank statement for the checking account of Management Systems incorporated (MSh) showed a December 31 , 2024 , balance of $14.932.87. Information that might be useful in preparing a bank reconcliation is as follows a. Outstanding checks were $1,35070 b. The December 31, 2024, cash receipts of 5590 were not deposited in the bank until January 2, 2025 . c. One check written in payment of rent for $249 was correctly recorded by the bank but was recorded by MSI as a $294 disbursement. d. In accordance with prior authorization, the bank withdrew \$480 directly from the checking account as payment on a note payable. The interest portion of that payment was 5365 . MSi has made no entry to fecord the automatic payment e. Bank service charges of 517 were listed on the bank statement. f A deposit of $890 was recorded by the bank on December 13 , but it did not belong to MSt. The deposit should have been made to the checking account of MIS, Incorporated 9. The bank statement included a charge of $90 for an NSF check. The check was returned with the bank statement and the compony will seck payment from the customer h. MSI maintaing a $230 petty cash fund that was appropriately reimbursed at the end of December 1. According to instructions from MSi on December 30 , the bank withdrew $11,500 from the account and purchased US. Treasury bills for MSI. MSI recorded the transaction in its books on December 31 when it received notice from the bank. Half of the Treasury bills mature in two months and the other haif in six months. Required: 1. Prepare a bank reconcillation for the MSi checking account at December 31,2024 You will have to compute the balance per books 2. Prepare any necessary adjusting journal entries indicated Use the miscellaneous expense account to fecord the bank service charges 3. What amount would MSI report as cash and cash equivalents in the current asset section of the December 31,2024 , balance sheet? Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for the MSI checking account at December 31, 2024, You will hove to compute the balance per books. Note: Round your answeis 10 2 decimal places

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