Question

please show work

Use the following to answer questions 1-4 Determine whether the firm reports each of the following items as part of cash, cash equivalents, or neither in the balance sheet. Item Cash, Cash equivalent, or neither Inventory for sale to customers 2. Investment with a maturity of 80 days at purchase 3 Three month US Treasury Bill 4. Bank deposits Use the following to answer questions 5-8 Bank Reconciliation: Identify whether the item should be added or subtracted from the bank balance or the company balance. Use the number (1-4) for your response. For instance, if the amount should be added to bank statement balance you would input 1. 1. Added to bank statement balance 2. Subtracted from bank statement balance 3. Added to company cash balance 4. Subtracted from company cash balance Item 5 Bank deducted too much out of the checking account 6 Bank charge for new checks ordered for the checking account 7 Interest earned on the checking account 8|Checks written but have not cleared the bank yet

Answer 1