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URGENT: There are two questions attached, please answer both of them for a thumbs up. Thank you so much for your work in advance! Sandra

URGENT: There are two questions attached, please answer both of them for a thumbs up. Thank you so much for your work in advance! image text in transcribed
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Sandra Company uses the periodic inventory system to account for inventories. Information related to Sandra Company's inventory at January 31 is given below: Value the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31. Ending Inventory Using the following information, prepare a bank reconciliation for Blossom Company for May 31, 2022. a. The bank statement balance is $8,600. b. The cash account balance is $6,610. c. Outstanding checks totaled $2,380. d. Deposits in transit are $780. e. The bank service charge is $20. f. Collection of note by the bank, $410. Blossom Company Bank Reconciliation May 31, 2022 Outstanding Checks Bank Service Charge Adjusted Cash Balance Per Books Collection of a Note Federal Tax Deposits Cash Balance Per Bank Deposit in Transit Deposits Income Adiusted Cash Balance Per Bank $ Collection of a Note Deposit in Transit Outstanding Checks Cash Balance Per Books Adjusted Cash Balance Per Books Deposits Income Bank Service Charge Federal Tax Deposits Deposit in Transit Collection of a Note Outstanding Checks Adjusted Cash Balance Per Bank

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