Which one of the statements appearing below is correct regarding bank reconciliations?

a. After preparing a bank reconciliation, no journal entries need to be made for outstanding checks or deposits in transit.

b. If a company's records show a different cash balance from that shown on the company's bank statement, either the company or the bank has made an error.

c. The up-to-date ending cash balance on the bank statement side should not equal the up-to-date ending cash balance on the book side.

d. A bank reconciliation is an external report prepared to report the cash balance to investors and creditors.

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.