Question

question 2 (5 points)

the bank statement shows

the beginning bank balance of the cash at the start of the month.
the checks the bank has paid and any deposits received.
any other charges or additions to the bank balance.
all of the above

Explanation:

Analyze the purpose of a bank statement

A bank statement is a summary of financial transactions that occurred at a bank account during a specific period. It is used in Bank Reconciliation to match internal records with external bank records.

Evaluate the first option

The statement shows the beginning bank balance of the cash at the start of the month. This is correct, as every monthly statement begins with the opening balance from the end of the previous period.

Evaluate the second option

The statement shows the checks the bank has paid and any deposits received. This is correct, as it lists all cleared checks (withdrawals) and processed deposits during the statement period.

Evaluate the third option

The statement shows any other charges or additions to the bank balance. This is correct, as it includes bank service fees, interest earned, NSF fees, and electronic fund transfers.

Determine the final answer

Since all three individual options are correct, the comprehensive option "All of the above" is the correct choice.

Answer:

• (A) the beginning bank balance of the cash at the start of the month.
• (B) the checks the bank has paid and any deposits received.
• (C) any other charges or additions to the bank balance.
• (D) All of the above (Correct answer)