Please answer all questions with explanations. Thank you! 2 points QUESTION 45 Refer to the information above. What is the amount of the deposits in transit? The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a balance of $16,253 at the same date. The only reconciling items consist of a bank service charge of $16, a large number of outstanding checks totaling $6,740, and a deposit in transit $3,083 C $3,067 C $5,856. $9,513 2 points QUESTION 46 Cardinal Company's bank statement showed a balance at May 31 of $180,974. The only reconciling items consisted of a large number of outstanding checks totaling $51,847. At May 31, what balance should Cardinal's Cash account show? $232,821. $77,280. $180,794 $129,127. 2 points QUESTION 47 1. Which of the following is not considered an acceptable inventory cost method according to GAAP? C First-in, last-out. Average cost. First-in, first-out. C Last-in, first-out. 2 points QUESTION 48 1. Which of the four inventory approaches is best suited to inventories of high-priced, low-volume items? C FIFO. CLIFO. Average cost C Specific identification