Use the following to answer questions 1 - 4 Determine whether the firm reports each of the following items as part of cash, cash equivalents, or neither in the balance sheet. Item Cash, Cash equivalent, or neither 1 2. 30 day US Treasury bills Investments with maturities of 120 days Balance in savings account Accounts Receivable 3 4. Use the following to answer questions 5-8 Bank Reconciliation: Identify whether the item should be added or subtracted from the bank balance or the company balance. Use the number (1-4) for your response. For instance, if the amount should be added to bank statement balance you would input 1. 1. Added to bank statement balance 2. Subtracted from bank statement balance 3. Added to company cash balance 4. Subtracted from company cash balance # 5 6 Item Cost of new checks Checks outstanding Bank error cleared the same check twice Company error wrote check for $320 but recorded it as $230 7 8 Use the following to answer questions 9-11 On February 28th, the general ledger of the company shows a balance for cash of $118,000. Cash receipts yet to be deposited into the checking account total $15,000, while checks written by the company but not yet processed by the bank total $67,000. The company's balance of cash does not reflect a NSF check of $2,300, a service fee of $60 and interest earned of $45 and customer payments collected by the bank of $6,500; however, these amounts are included in the balance of cash of $174,185 reported by the bank as of the end of February. Answer the following based on the process of doing the bank reconciliation: 9. $. Determine the total amount that is used to reconcile the Bank balance (include "-" if needed): 10. $ Determine the total amount that is used to reconcile the Company cash balance (include "-" if needed) 11. $. _What is the balance in the company's cash account after the reconciliation