1)The bank recorded a $2,000 deposit as $200. How would this information be included on the bank reconciliation?

A.An addition on the bank side

B.A deduction on the book side

C.An addition on the book side

D.A deduction on the bank side

2)Which of the following describes the internal control component information system?

A.Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.

B.Control procedures are designed to ensure that the business's goals are achieved.

C.Only authorized users have access to various parts of the information system.

D.The information system is the "tone at the top" of the business.

3)Which of the following is the basic internal control procedure with respect to cash receipts?

A.depositing all cash receipts in the bank shortly after the cash is received

B.requiring customers to pay with debit or credit cards

C.requiring the accountants to make the bank deposits

D.preventing collusion

4)

Jacob, Inc. had the following balances and transactions during 2019:

Beginning Merchandise Inventory

11

units at $ 93

March 10

Sold 8

units
June 10	Purchased 33

units at $ 89

October 30

Sold 27

units

What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet, using the periodic weighted-average

inventory costing method? (Round the unit costs to two decimal places and total costs to the nearest dollar.)

A.$ 89

B.$ 810

C.$ 326

D.$ 109