1) The journal entries for a bank reconciliation A) Are taken from the "balance per bank" section only. B) May include a debit to Office Expense for bank service charges. C) May include a credit to Accounts Receivable for an NSF check. D) May include a debit to Accounts Payable for an NSF check. The following data relating to questions 2 and 3 concerning the retail inventory method are taken from the financial records of Stone Company. Cost Retail Beginning Inventory Purchases Freight-in Net markups Net markdowns Sales $98,000 448,000 12,000 $140,000 640,000 40,000 28,000 672,000 2) The ending inventory at retail should be A) $148,000 B) $120,000 C) $128,000 D) $84,000 3) If the ending inventory is to be valued at approximately the lower of cost or market, the calculation of the cost to retail ratio should be based on goods available for sale at (1) cost and (2) retail, respectively of A) $558,000 and $820,000 B) $558,000 and $792,000 C) D) $558,000 and $780,000 $546,000 and $780,000