AP$6-6$ Computing outstanding checks and deposits in transit and preparing a bank reonciliation and journal entries. The december $31,$ current year, bank statement for rivas company and the decemeber current year ledger account for cash flow. The novemeber, current year, bank reconciliation showed the following: correct cash balance at november $30,$ $$64,10$; deposits in transit on November $30,$ $$17,000$; and outstanding check on November $30,$ $$400+$ $$500=$$$900$

Required:

$1.$ Compute the deposits in transit as of December $31,$ current year, by comparing the deposits on the bank statement to the deposits listed on the cash ledger account and list of deposits in transit at the end of november

$2.$ Compute the outstanding checks at december $31,$ current year, by comparing the checks listed on the bank statement with those on the cash ledger account and the list of outstanding checks at the end of november

$3.$ Prepare a bank reconciliation at december $31,$ current year.

$4.$ Give any journal entries that should be made as a result of the bank reconciliation made by

Rivas Company. Why are they necessary?

$5.$ What total amount of cash should be reported on the december $31,$ current year, balance sheet?