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ch 10 20 points Skipped ebook The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,233.62 Information that might be useful in preparing a bank reconciliation is as follows: e. Outstanding checks were $1.381.15. b. The December 31, 2021, cash receipts of $605 were not deposited in the bank until January 2, 2022 c. One check written in payment of rent for $252 was correctly recorded by the bank but was recorded by MSI as a $265 disbursement d. In accordance with prior authorization, the bank withdrew $510 directly from the checking account as payment on a note payable. The interest portion of the payment wes $380. MSI has made no entry to record the automatic payment. e. Bank service charges of $20 were listed on the bank statement. f A deposit of $905 was recorded by the bank on December 13, but it did not belong to MSI. The deposit should have been made to the checking account of MIS, Inc. 9. The bank statement included a charge of $55 for an NSF check. The check was returned with the bank statement and the company will seek payment from the customer. h. MSI maintains a $260 petty cash fund that was appropriately reimbursed at the end of December. i. According to instructions from MSI on December 30, the bank withdrew $13.000 from the account and purchased U.S. Treasury bills for MSI. MSI recorded the transaction in its books on December 31 when it received notice from the bank. Half of the Treasury bills meture in two months and the other half in six months. Required: 1. Prepare a bank reconciliation for the MSI checking account at December 31, 2021. You will have to compute the balance per books. 2. Prepare any necessary adjusting journal entries indicated. 3. What amount would Misi report os cash and cash equivalents in the current asset section of the December 31, 2021. balance sheet? as , ? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a bank reconciliation for the MSI checking account at December 31, 2021. You will have to compute the balance per books. (Round your answers to 2 decimal places.) Bank Reconciliation Balance per bank statement Add: Deduct Corrected cash balance Balance per books Add: Deduct Corrected cash balance 20 points Skipped ebook The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2021, balance of $15,233.62. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks were $1,381.15. b. The December 31, 2021. cash receipts of $605 were not deposited in the bank until January 2, 2022 c. One check written in payment of rent for $252 was correctly recorded by the bank but was recorded by MSI as a $265 disbursement. d. In accordance with prior authorization, the bank withdrew $510 directly from the checking account as payment on a note payable. The interest portion of the payment wes $380. MSI has made no entry to record the automatic payment. e. Bank service charges of $20 were listed on the bank statement. A deposit of $905 was recorded by the bank on December 13, but it did not belong to MSi. The deposit should have been made to the checking account of MIS, Inc. 9. The benk statement included a charge of $55 for an NSF check. The check was returned with the bank statement end the company will seek payment from the customer h. MSI maintains a $260 petty cash fund that was appropristely reimbursed at the end of December. 1. According to instructions from MSI on December 30, the bank withdrew $13.000 from the account and purchased U.S. Treasury bills for MSI. MSI recorded the transaction in its books on December 31 when it received notice from the bank. Half of the Treasury bills meture in two months and the other half in six months. Required: 1. Prepare a bank reconciliation for the MSI checking account at December 31, 2021. You will have to compute the balance per books. 2. Prepare any necessary adjusting journal entries indicated. 3. Whet amount would Misi report as cash and cash equivalents in the current asset section of the December 31, 2021, belance sheet? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare any necessary adjusting journal entries indicated. (Ir no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction let Journal entry worksheet

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