38-43

38. Endorsing a check: a. guarantees payment b. transfers the right to deposit or transfer cash c. cancels the transaction d. All of the above. 39. A blank endorsement on a check a. can be further endorsed by someone else b. cannot be further endorsed by someone else c. is the safest type of endorsement d. permits only the original endorser to get the money 40. Scotch Services received a credit memorandum from the bank. During the bank reconciliation they should a. increase their cash account on the company's books b. decrease their cash account on c. increase the ending cash balance on the bank statement d. decrease the ending cash balance on the bank statement the company's books 41. Checks that have been processed by the bank and are no longer negotiable are: a. outstanding checks b. canceled checks c. checks in process d. blank checks 42. Bank interest earned on a checking account would be shown on a bank reconciliation as: a. added to the balance per bank statement b. deducted from the balance per bank statement c. added to the balance per books d. deducted from the balance per books 43. Bank service charges would be shown on a bank reconciliation as a. added to the balance per bank statement b. deducted from the balance per bank statement c. added to the balance per books d. deducted from the balance per books