28. Funds in an interest-bearing money market account \begin{tabular}{|l|l|} \hline a. & earn interest until they are needed for an operating activity. \\ \hline b. & are not designed to hold excess funds temporarily. \\ \hline c. & are held there indefinitely. \\ \hline d. & cannot be transferred to a checking account. \\ \hline \end{tabular} 29. Bank statements detail the activity in the account for the month but do not show a. earned interest and service charges. b. a balance that agrees with the company's records. c. checks that have cleared (were paid by) the bank. d. deposits (or other additions) to the account. 30. Many companies utilize to pay bills as this allows the company to track expenses of a specific nature, such as travel and entertainment expenses. \begin{tabular}{|l|l|} \hline a. & credit cards \\ \hline b. & cash \\ \hline c. & checks \\ \hline d. & money market accounts \\ \hline \end{tabular} 31. Credit card charges are a. a sub-account of Accounts Payable. b. expenditures charged to a credit card to be paid at a later date. c. not recorded on the company's books. d. a liability to the vendor