Question: 119 At March 31, the balance of the Cash account according to the records of Mukhalloy Company was $7,261. The March 31 bank statement showed a balance of $8.798. You are to prepare the bank reconciliation of Mukhailov Company at March 31, using the following supplementary information and as per the given format: (a) Deposit in transit at March 31, $6,772. (b) Outstanding checks: no. 120, $140: no. 121, $932; no. 127, $307: no. 134, $2,200. (c) Service charge by the bank, $50. (d) A note receivable for $5.050 Jeft by Mukhailov Company with the bank for a collection that had been collected and credited to the company's account. No interest involved. (Already given for you below) (e) A check for $90 drawn by a customer, Goss, but deducted from Mukhalilov's account by the bank and returned with the notation "NSE. (f) Weber's check.no. 480, issued in payment of $970 worth of office equipment, correctly written in the amount of $970 but erroneously recorded in Mukhailovs accounting records as $790.

help please, the answers I put are not correct

What are the strengths and weaknesses that you see in the system and ways that you would improve any weaknesses identified.

Company B Consolidated Statement of Income (000) Year Ending May 31   1996 1997 1998 1999 2000               Revenues   $3,930,984 $3,789,668 $4,760,834 $6,470,625 $9,186,539               Cost and Expenses               Cost of sales $2,386,993 $2,301,423 $2,865,280 $3,906,746 $5,502,993   Selling & Administrative $922,261 $974,099 $1,209,760 $1,588,612 $2,303,704   Interest expense $25,739 $15,282 $24,208 $39,498 $52,343   Other income/expense $1,475 $8,270 $11,722 $36,679 $32,277     $3,336,468 $3,299,074 $4,110,970 $5,571,535 $7,891,317               Income before income taxes   $594,516 $490,594 $649,864 $899,090 $1,295,222               Income taxes   $229,500 $191,800 $250,200 $345,900 $499,400               Net income   $365,016 $298,794 $399,664 $553,190 $795,822               Company B Consolidatd Balance Sheets (000) Year Ending May 31+A2:G25   1996 1997 1998 1999 2000 Assets             Current Assets               Cash…