Which of the following situations would cause the balance per bank to be more than the balance per books?

A. Outstanding checks
B. Deposits in transit
C. Checks from customers returned as NSF
D. Service charges


Answer: A

Business

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A) the scientific method B) research creativity C) multiple methods D) ethical marketing E) independence of models and data

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Use the following information to calculate cash paid for wages and salaries:      Salaries expense$182,000?Salaries payable, January 1 7800?Salaries payable, December 31 13,400?

A. $176,400. B. $182,000. C. $189,800. D. $187,600. E. $168,600.

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A. 3; 2 B. 2; 4 C. 2; 3 D. 4; 2

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Retailers often end their fiscal years

A) during the slack season. B) during the peak of the busy season. C) at different times each year, depending on the tax consequences. D) on June 30.

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