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For this last section, you have two options for submitting your answers: Direct Typing: Use the “Essay” answer box provided for the Bank Reconciliation and the separate “Essay” answer box for the journal entries. File Upload: Complete the reconciliation and/or journal entries on a piece of scratch paper. Then, take a clear photo and upload it as part of the final “File Upload” question at the end of the exam. This upload question can also be used for any other written work you wish to show for partial credit. Scenario You are the accountant for Synergy Solutions. The beginning cash balance on November 1st was $10,000.00 for both the bank and the company books. The bank statement for November has just arrived, and the ending balance does not match the ending balance in the company’s Cash ledger. Required Tasks: Analysis: Review the Bank Statement and the Company Cash Ledger provided. Bank Reconciliation: Prepare a formal Bank Reconciliation in good form to arrive at the Adjusted Cash Balance. Journal Entries: After completing the bank reconciliation, answer the two questions about journal entries. Important Notes: Company Errors: Assume all errors are the company’s mistakes, not the bank’s. Check Payments: All checks are payments against Accounts Payable. Deposits: All deposits are received from customers against Accounts Receivable. First National Bank Member FDIC Account Statement Account No: 8851-2233 Statement Period: November 1 – November 30, 2025 Ending Balance: $17,560.00 Transaction Detail Date Description Withdrawal/Debit Deposit/Credit Balance Nov 1 Beginning Balance – – 10,000.00 Nov 5 Deposit – 5,000.00 15,000.00 Nov 8 Check #701 1,500.00 – 13,500.00 Nov 12 Deposit – 3,000.00 16,500.00 Nov 16 Check #702 800.00 – 15,700.00 Nov 20 NSF Check (From J. Doe) 250.00 – 15,450.00 Nov 22 EFT Payment (Rent) 1,200.00 – 14,250.00 Nov 25 Deposit – 4,000.00 18,250.00 Nov 28 Check #704 700.00 – 17,550.00 Nov 30 Service Charge Fee 30.00 – 17,520.00 Nov 30 Interest Earned – 40.00 17,560.00 Closing Bank Balance (11/30): $17,560.00 Synergy Solutions General Ledger – Cash Account Account: Cash (Acct. 101) Unadjusted Balance (11/30): $21,220.00 Transaction Record Date Description Ref Debit (Deposit) Credit (Payment) Balance Nov 1 Beginning Balance – – – 10,000.00 Nov 5 Deposit D301 5,000.00 – 15,000.00 Nov 7 Check #701 (A/P) C701 – 1,500.00 13,500.00 Nov 11 Deposit D302 3,000.00 – 16,500.00 Nov 15 Check #702 (A/P) C702 – 80.00 16,420.00 Nov 24 Deposit D303 4,400.00 – 20,820.00 Nov 27 Check #703 (A/P) C703 – 1,100.00 19,720.00 Nov 28 Check #704 (A/P) C704 – 700.00 19,020.00 Nov 30 Deposit D304 2,200.00 – 21,220.00 Closing Ledger Balance (11/30): $21,220.00

If a company overstates its Ending Inventory in Year 1 and no other errors are made, what is the effect on Net Income for Year 1?

The following two questions ask for inventory cost calculations related to the scenario given below. Round the final calculation to the nearest dollar. To be eligible for partial credit, upload your work in the last question on the exam. A company has the following inventory transactions for the beginning of March: Date Transaction Units Unit Cost Total Cost Mar 1 Beginning Inventory 100 $10 $1,000 Mar 5 Purchase 200 $12 $2,400 Mar 10 Sale 150

Synergy Solutions uses a perpetual inventory system. At the end of the year, the unadjusted balance in the Merchandise Inventory account on the general ledger is $35,000. However, a detailed physical count of the goods remaining in the warehouse reveals that the actual inventory on hand is only $33,500. Dr. [DrAccount]               [DrAmount] Cr. [CrAccount]               [CrAmount]  

The following two questions ask for bad debt expense calculations related to the scenario given below. Round the final calculation to the nearest dollar. To be eligible for partial credit, upload your work in the last question on the exam. At year-end, the company has an Accounts Receivable balance of $100,000. The company uses the aging method to calculate the Allowance for Doubtful Accounts. The Allowance for Doubtful Accounts currently has a debit balance of $1,000. Calculate the estimated uncollectible amount using the aging schedule below: Age Category Amount Receivable Estimated Uncollectible % Estimated Uncollectible Amount Current $90,000 1% Past Due $10,000 10% Totals $100,000 (Total Estimated Uncollectible)

On March 1, Alpha Co. sold merchandise for $5,000 on account, terms 2/10 n/30. The cost of the merchandise sold was $3,000. Dr. [DrAccount]               [DrAmount] Cr. [CrAccount]               [CrAmount]   Dr. [DrAccount2]               [DrAmount2] Cr. [CrAccount2]               [CrAmount2]

Describe how former Justice David Souter explained his statement: “Civic education is (both) a problem and responsibility second to none.”

One problem with (mental/emotional) stress is that it causes the PFC to take over decision-making, essentially taking control over reward systems.

Order the steps of proper (healthy) insulin signaling beginning with 1 and ending with 5

​ According to the matching law, on a concurrent VI 10-sec VI 30-sec schedule of reinforcement, _____ of responses will be emitted on the VI 30-sec alternative.