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The 8/31 Cash in Bank account in the Arizona Company's ledger was $20,000. The following...

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Accounting

image The 8/31 Cash in Bank account in the Arizona Company's ledger was $20,000. The following 8/31 reconciling items existed: The balance appearing on the 8/31 bank statement is: $ Problem \#2 (4 points) The Luna Company made the following two errors in counting ending inventory: 1. Understated 12/31/22 inventory by $200 2. Understated 12/31/23 inventory by $350 Indicate the error in the following items. Show supporting computations. a. 12/31/23 Retained Earnings $ over/under b. 2023 Net Income $ over/under Problem 3 ( 3 points) On January 1,2023 a machine is purchased for $100,000. It is expected to have a useful life of 8 years, during which time it is expected to be used for 20,000 hours. The salvage value is $10,000. It is used for 3,500 hours in 2023 and 4,000 hours in 2024 . (The company uses the units-of-production method.) Indicate the following. No supporting computations needed. A) 2023 Depreciation Expense is: $ B) The balance of Accumulated Depreciation at 12/31/24 is: ? C) The book value at 12/31/24 is: $

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