Hello, can you please answer the following question with a detail explanation to the answer of each question.

Thank you very much.

1 Internal control is defined as the procedures and processes used by a company to

A.safeguard its assets INCORRECT

B.all of these

C.process information accurately

D. ensure compliance with laws and regulations

2 In a bank reconciliation, what journal entry is required on the books when it is determined that there are outstanding checks?

A. debit Cash; credit Accounts Payable

B.debit Cash; credit Accounts Receivable INCORRECT

C.debit Accounts Receivable; credit Cash

D.no entry is required

3 With a cash balance according to the bank statement of $11,000, deposits in transit of $1,500, outstanding checks of $300 and a bank service charge of $40, the bank section of the bank reconciliation would report and adjusted balance of

A.$12,500

B. $12,160

C. $12,200

D. $12,240 INCORRECT

4 With a cash balance according to the bank statement of $12,000, deposits in transit of $500, outstanding checks of $300 and a bank service charge of $40, the bank section of the bank reconciliation would report and adjusted balance of

A.$12,240 INCORRECT

B.$12,200

C.$12,500

D.$12,160