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Revise your worksheet to reflect the following transactions and updated values at the end of the accounting period, then answer the questions that follow. (Note: You do not need to upload your revised worksheet for Part 2.) 5, 1,500 9,00 1,300 1 Cash on head at the company and not yet deposited at the bank. 2 T for monthly utility bill not yet recorded by the company. 3 Sote collected by the bank and not yet recorded by the copesy. 4 Interest collected by the bank tro note in # not yet recorded by the company. 5 a check witten for assurance expense for 590 was cuahad. The check was recorded on the books to $100. 6 Checks written by the company but not yet processed by the besk. 7 Service fee charged by bank but not yet recorded by the company. Customer checks determined by the bank to have noticiant tunda. 2, BD 100 2, BD Bank balesce at the end of the period. Company balance at the end of the period 19,210 14,640 Required: 1a. What is the revised Cash balance at the end of the period? Cash 1-5. Is the bank reconciliation in balance? O Yes O NO 2 a. What is the balance in Cash if the entry to correct the insurance payment hasn't been made? Cash 2b. Would the bank reconciliation still be in balance? Yes O NO 3. Which statement below is true regarding the effect of the company incorrectly recording a customer deposit at $270.000 rather than $27.000? O No effect on the bank reconciliation The difference of $243,000 will be subtracted from the book balance. The difference of $243,000 will be added to the book balance. The bank balance will be increased by $270,000

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