Question 37 Not yet answered Marked out of 1.

00

Shop –N-Go Systems purchased cash registers on April 1 for $6,000. If this asset has
an estimated useful life of four years, what is the netbook value of the cash registers
on May 31 if the company uses the straight-line method of depreciation?

Select one:

a. $125.

b. $1,500.

c. $6,000.

d. $5,750.

Clear my choice

Question 38 Not yet answered Marked out of 1.00

The bookkeeper prepared a check for $58 but accidentally recorded it as $85. When
preparing the bank reconciliation, this should be corrected by:

Select one:

a. Depositing $27 into the bank account.

b. Withdrawing $27 from the bank account.

c. Adding $27 to the book balance.

d. Subtracting $27 from the book balance.

Clear my choice