Final answer:
The correct answer is bookkeeping errors. Bank service charges, credits for interest earned, and outstanding checks can all cause the bank statement's balance to be higher than the balance in the restaurant records.
Step-by-step explanation:
The correct answer is 4) bookkeeping errors. Bank service charges, credits for interest earned, and outstanding checks can all cause the bank statement's balance to be higher than the balance in the restaurant records.
1) Bank service charges are fees charged by the bank for maintaining the account. These charges can reduce the balance in the restaurant records, but they would not cause the bank statement's balance to be higher.
2) Credits for interest earned are additional funds that the bank adds to the account as interest payments. These credits would increase the bank statement's balance, but they would not cause the balance to be higher than the balance in the restaurant records.
3) Outstanding checks are checks that have been issued but have not yet been presented to the bank for payment. These checks would reduce the balance in the restaurant records, but they would not cause the bank statement's balance to be higher.
4) Bookkeeping errors, on the other hand, can cause discrepancies between the bank statement's balance and the balance in the restaurant records. If there are errors in recording transactions or calculating balances, it can result in an inaccurate balance in the restaurant records.