The bank statement for the Jones Company indicates a balance of $5,000 as of December 31, 2001. The balance of cash in Jones Company's ledger as of the same date is $4, 050. An analysis reveals the following reconcili1ng items: 1) Checks outstanding #100, $100, #101, $300, #102, $200, #103, $300: $900 2) Deposit of December 31 not recorded on the bank statement. 300 3) A $400 note plus interest of $10 collected by the recorded in the cash receipts journal. 410 4) Bank service charge not included in Cash Payments Journal. 15 5) Check #104 for $45 on account was not recorded in the Cash Payments Journal. 45 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. A piece of equipment that cost $90,000 and on which $58,000 of accumulated depreciation had been recorded was disposed of on January 2, the first day of business of the current year. Give general journal entries to record the disposal under each of the following assumptions: 1) It was scrapped as having no value. 2) It was sold for $11,000 each. 3) It was exchanged for similar equipment. The old equipment has a fair market value $48,000 and $13,000 was paid. 4) Same as 3 except that the fair market value of the old equipment was $22,000 and $37,000 was paid. Joe's Auto Store engaged in the following transactions. Jan. 6 Accepted a $3,000, 90-day, 12 percent note from Helen Kelly in payment of a past-due account receivable. Apr. 6. When asked to pay, Helen Kelly dishonored her note. Apr. 26 Wrote off the Helen Kelly account as uncollectible because she could not located. Prepare general journal entries to record the above transactions