Question: Hi I need help with these problems, please answer exactly the way it is and correct Blossom is unable to reconcile the bank balance at

Hi I need help with these problems, please answer exactly the way it is and correct

Hi I need help with these problems, please answerHi I need help with these problems, please answerHi I need help with these problems, please answerHi I need help with these problems, please answerHi I need help with these problems, please answerHi I need help with these problems, please answer
Blossom is unable to reconcile the bank balance at January 31. Blossom's reconciliation is as follows. Cash balance per bank $4,000.20 Add: NSF check 470.00 Less: Bank service charge 32.00 Adjusted balance per bank $4,438.20 Cash balance per books $4,315.20 Less: Deposits in transit 750.00 Add: Outstanding checks 937.00 Adjusted balance per books $4,502.20 (3) Prepare a correct bank reconciliation. (List items that increase cash balance rst. Reconcile cash balance per bank rst. Round answers to 2 decimal places, e.g. 52.75.) Blossom Bank Reconciliation to $Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheet May 31 ($ in millions) Assets Current Assets $9,800 $8,760 Property, plant, and equipment (net) 1,970 1,800 Other assets 1,550 1,770 Total assets $13,320 $12,330 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 Long-term liabilities 1,310 1,350 Stockholders' equity 8,780 7,660 Total liabilities and stockholders' equity $13,320 $12,330 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (lf amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Increase Change 2020 2019 (Decrease) from 2019 Assets Current Assets $9,800 $8,760 to 1040 11.9% Property, plant, and equipment 1,800 (net) 1,970 170 9.4% % Other assets 1,550 1,770 -220 -12.4% % Total assets $13,320 $12,330 $ 990 8 % Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 $ -26 -0.8 o Long-term liabilities 1,310 1,350 .63 -4.7 Stockholders' equity 8,780 7,660 1079 14.1 %Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 $ -26 -0.8 Long-term liabilities 1,310 1,350 -63 -4.7 % Stockholders' equity 8,780 7,660 1079 14.1 Total liabilities and stockholders' $13,320 $12,330 990 8.0 % equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. NIKE, INC. Condensed Balance Sheet May 31, 2020 $ (in millions) Percent Assets Current Assets $9,800 73.6 % Property, plant, and equipment (net) 1,970 14.8 %NIKE, INC. Condensed Balance Sheet May 31, 2020 $ (in millions) Percent Assets Current Assets $9,800 73.6 % Property, plant, and equipment (net) 1,970 14.8 % Other assets 1,550 11.6 % Total assets $13,320 100 Liabilities and Stockholders' Equity Current Liabilities $3,230 24.7 % Long-term Liabilities 1,310 9.7 % Stockholders' equity 8,780 65.6 % Total liabilities and stockholders' equity $13,320 100

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