Under a periodic inventory system accounting records continuously disclose the amount of inventory a physical inventory is taken at the end of the period a separate account for each type of merchandise is maintained in a subsidiary ledger O merchandise inventory is increased when goods are returned to vendors A bank reconciliation should be prepared to explain any difference between the company's balance per books with the balance per bank e whenever the bank refuses to lend the company money. by the person who is authorized to sign checks. when an employee is suspected of fraud. Question 27 1.5 pts The journal entry for monthly expense under straight-line depreciation is: Accumulated depreciation Depreciation expense Accumulated depreciation Depreciation revenue Depreciation revenue Accumulated depreciation Depreciation expense Accumulated depreciation