36. Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.

Cash balance per books, 9/30	$2,750
Deposits in transit	200
Notes receivable and interest collected by bank	630
Bank charge for check printing	50
Outstanding checks	1,250
NSF check	290

a.$3,040.

b.$5,130.

c.$3,690.

d.$1,590.

37. Which of the following would be deducted from the balance per books on a bank reconciliation?

A. outstanding checks

B. deposits in transit

C. notes collected by the bank

D. service charges

38. The following data were gathered to use in reconciling the bank account of Savannah Company:

Balance per bank	$16,750
Balance per company records	16,125
Bank service charges	80
Deposit in transit	2,195
NSF check	950
Outstanding checks	3,850

What is the adjusted balance on the bank reconciliation?

a.$15,095

b.$15,720

c.$14,470

d.$10,705

39. An intangible asset is one that has a physical existence.

True or False

41. The double-declining-balance method is an accelerated depreciation method.

True or False

42. Patents are exclusive rights to produce and sell goods with one or more unique features.

True or False

43. The difference between the balance in a fixed asset account and its related accumulated depreciation account is the asset's book value.

True or False

44. Though a piece of equipment is still being used, the equipment should be removed from the accounts if it has been fully depreciated.

True or False

45. When a property, plant, and equipment asset is sold for cash, any gain or loss on the asset sold should be recorded.

True or False

46. The entry to record the disposal of fixed assets will include a credit to accumulated depreciation.

True or False