Wok N Roll, Inc. shows 300,000 of assets and 60,000 of ...

[abc]

Wok N Roll, Inc. shows 300,000 of assets and 60,000 of shareholders' equity on its balance sheet. Liabilities must equal ________.
 
  A) 360,000
  B) 300,000
  C) 240,000
  D) 60,000

Question 2

The process of bringing the book and the bank balance into agreement is called
 a. reconciling the bank statement.
   b. proving the cash.
   c. preparing a statement of payment.
   d. preparing a statement of disbursements.

[Ptupou85]

Answer to Question 1

C

Answer to Question 2

a