Share 0 Comments Insert v 4 v Delete Conditional Format Cell Formatting es Table Styles Y Y Ideas Sorte Filter Sensitivity Format v Find & Select E 0 P 5 T U V W X Y Z a $ AutoSave OFF Quiz 2 Home Insert Draw Page Layout Formulas Data Review View Tell me X Calibri (Body) v 11 ~ A ab Wrap Text Ceneral [ Paste B 1 I U Av = = = Merge & Center v N13 fy C H M N 6 16:146-12 Points balance is only $25,500. Consider the Information below and reconcile the company's cash balance. Calculate the adjusted totals. 9 ---- Include all labels and amounts! ------------------ 10 a) NDM wote checks to suppliers for $5,250 that have not yet been cashed yet. $ 11 b) The bank paldinterest of $45 on the account for the month. The company has not accounted for this interest yet. 12 c) NDM received a check for $250 ss payment from a customer and deposited the check in the bank According to the 13 bank statement, the check bounced due to not-sufficient funds. 14 15 Bank Statement Balance NOM's Cash Balance 16 17 18 19 20 21 22 23 24 30 Points 25 B.B.Lean Outfitterssells exercise clothing and equipment. Throughout the first quarter of 2020 they received 3 shipments of 26 racing bicycles. (The bicyles are identical Details on the shipments are below. The company had no bikes in Inventory at the 27 beginning of the first quarter. Throughout the quarter they sold 15 of the racing bikes. 28 29 a) Determine their March 31 Cost of Goods Sold and Ending inventory balance using FIFO, LIFO, and Weighted Average Method 30 31 Purchase Unit: Price Cost Units Price COGS Cost 32 2 Jan 10 $500.00 $5,000.00 FIFO: 33 25-Jan 550.00 4,400.00 34 28-Feb 600.00 4,200.00 35 Total 25 36 Solc 15 37 Erding Irventory 10 LEC 38 39 Weighted Average Method 40 41 42 19911992191 44 45 b) which Inventory method will provide BB Lean with a higher Cost of Goods Sold? 47 49 Bank Recon and Inventory + True False and Matching Multistep IS Select destination and press ENTER or choose Paste E- + 100%