a. 19. After analyzing the bank statement and comparing the details to company records of Blue Company, the following data is found as of February 28: Cash account of Blue Company shows a closing balance of $1,553 as of February 28. b. The Check No: 2112 in the amount of $1,425 which is issued for the payment of utilities expense is erroneously recorded in Blue Company's cash payment journal as $1,675. C. The bank statement shows that the bank has collected $1,000 note receivable on behalf of Brown Company. d. A deposit made by Blue Company on February 28 does not appear in bank statement on February 28, $765. e. The bank statement shows closing balance of $1,553 for balance per bank statement as of February 28. After preparing bank reconciliation, the adjusting entries in general journal of Blue Company will include? * m 21. ABC Company has beginning inventory consisting of 100 units with a unit cost of $6.8. During May, the company purchases inventory as follows: May 3 200 units at $7 May 17 300 units at $8 May 25 100 units at $8.2 May 29 140 units at $8.5 The company sells 500 units on May 26 for $12 per unit. ABC uses the average cost method. The company uses perpetual inventory system. At the end of May, average cost per unit of product is closest to: 22. As of December 31, 2019, the accounts receivable account of a company has a debit balance of $133,000. The allowance for doubtful accounts on the other hand has a credit balance of $13,400. On March 16, 2020, $8,000 of receivables from a particular customer is written off as uncollectible. As of December 31, 2020, the accountant prepares the following aging schedule to estimate the probable uncollectible accounts using the balance sheet approach: % Age-groupings Amount of receivable probable to be uncollectible Not due yet $100,000 2% 1-30 days past due 35,000 10% 31-60 days past due 14,000 14% Over 60 days past due 3,000 25% In recording the write-off, the uncollectible accounts expense; * a. 19. After analyzing the bank statement and comparing the details to company records of Blue Company, the following data is found as of February 28: Cash account of Blue Company shows a closing balance of $1,553 as of February 28. b. The Check No: 2112 in the amount of $1,425 which is issued for the payment of utilities expense is erroneously recorded in Blue Company's cash payment journal as $1,675. C. The bank statement shows that the bank has collected $1,000 note receivable on behalf of Brown Company. d. A deposit made by Blue Company on February 28 does not appear in bank statement on February 28, $765. e. The bank statement shows closing balance of $1,553 for balance per bank statement as of February 28. After preparing bank reconciliation, the adjusting entries in general journal of Blue Company will include? * m 21. ABC Company has beginning inventory consisting of 100 units with a unit cost of $6.8. During May, the company purchases inventory as follows: May 3 200 units at $7 May 17 300 units at $8 May 25 100 units at $8.2 May 29 140 units at $8.5 The company sells 500 units on May 26 for $12 per unit. ABC uses the average cost method. The company uses perpetual inventory system. At the end of May, average cost per unit of product is closest to: 22. As of December 31, 2019, the accounts receivable account of a company has a debit balance of $133,000. The allowance for doubtful accounts on the other hand has a credit balance of $13,400. On March 16, 2020, $8,000 of receivables from a particular customer is written off as uncollectible. As of December 31, 2020, the accountant prepares the following aging schedule to estimate the probable uncollectible accounts using the balance sheet approach: % Age-groupings Amount of receivable probable to be uncollectible Not due yet $100,000 2% 1-30 days past due 35,000 10% 31-60 days past due 14,000 14% Over 60 days past due 3,000 25% In recording the write-off, the uncollectible accounts expense; *