answer 1-11

Item 2 Submit your answers in CANVAS before it is due Use the following to answer questions 1 - 4 Determine whether the firm reports each of the following items as part of cash and cash equivalents in the balance sheet. Cash or Cash Equivalent? (Yes or No 1 Investments with maturities of 120 days Prepaid rent for three months 90 day US Treasury bills Cashier's checks 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 3 5 6 7 8 Item Company wrote a check but it has not cleared the bank. Company wrote one check and the bank cleared it twice. Company wrote one check but recorded it in the ledger twice. NSF Use the following to answer questions 9-11 On August 31st, the general ledger of TAR shows a balance for cash of $33,534. Cash receipts yet to be deposited into the checking account total $13,225, while checks written by TAR but not yet processed by the bank total $31450. The company's balance of cash does not reflect a NSF check of $500, a service fee of $20 and interest earned on the checking account of $1 and a note collected by the bank of $1,200; however, these amounts are included in the balance of cash of $52,440 reported by the bank as of the end of August. 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): Determine the total amount that is used to reconcile the company cash balance (include it needed) What is the balance in the company's cash account after the reconciliation? 10.5 11 S