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Noncurrent, intangible assets such as leasehold improvements, patents, and copyrights are all subject to: Depreciation. Amortization. Depletion. Consolidation. Prepare a bank reconciliation for Wainwright, Martinez,

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Noncurrent, intangible assets such as leasehold improvements, patents, and copyrights are all subject to: Depreciation. Amortization. Depletion. Consolidation. Prepare a bank reconciliation for Wainwright, Martinez, & Garcia. LLC as of August 31 from the following information: The August 31 cash balance in the general ledger is $2, 500. The August 31 balance shown on the bank statement is $1, 967. Checks issued by the LLC, but not returned with the bank statement were No, 435 for $25 No. 448 for $90, and No. 449 for $60. A deposit made on August 31 for $750 was included in the general ledger balance but not in the bank statement balance. Interest credited to the account during August but not recorded on the company's books amounted to $40. A bank charge of $25 for printing new checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. In the process of reviewing canceled checks, it was determined that a check which cleared the bank was issued to a supplier for the amount of $ 125 was recorded in the general ledger erroneously as a $152 cash disbursement. The reconciled balance at August 31 is $2, 488 $3, 425 $2, 592 $2, 542 $2.500 None of the above As a result of the reconciliation, the journal entry necessary to post into the general ledger would include A credit of $175 to accounts payable A credit of $40 cash A debit of $125 to accounts payable All of the above None of the above

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