23. Ending inventory using the LIFO method: a. $150 b. $177 c. $250 d. $1,540 Problemi The bank statement for Jones Company for June 30, 2017 indicates a balance of $9,143.11. The accounting records indicate a balance of $4,526.25. a. The bank had collected for the company $1,030 on a customer's note left for collection. The face value of the note was $1,000. b. A deposit of $1,852.21 representing receipts of June 30 had been too late to appear on the bank statement. c. Checks outstanding totaled $5,265.27 d. A check drawn for rent of $157 had been incorrectly charged by the bank as $175 Xe. A check of $30 was returned with the bank statement had been recorded in the company's records as $300. The check was for the payment of an obligation to Avery Equipment for the purchase of office supplies on account. f. Bank service charges for June amounted to $78.20 Required: 1. Prepare a bank reconciliation for the month of June 30. 2. Determine the true cash balance 520ous 54DOS