B. Paid $1800 cash into the bank account for the business. c. Bought office furniture on credit from Better Furniture for $120
d. Bought a motor van paying by cheque $150
e. Bought works machinery from Evansons om credit $160
f. Returned faulty furniture costing $62 to better furniture.
g. Sold some of the works machinery for $75 cash.
h. Paid amount owing to Better Furniture $58 by cash.
i. Took $100 out of bank and put it in cash till.
j. J Smith tent us $500 giving us money by cheque.
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1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19