1. Beltway Stockiest had beginning capital of $115,000, on 7/01/2017, and introduced additional capital of $8,000 during the year. Ending capital is $136,000, and the owner's withdrawals were $9,000. What was the amount of net income or net loss ?

A) net income of $13,000. B) net income of $22,000.

C) net loss of $110,000. D) net loss of $9,000

2. Stride Rite has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio. A. 38.6%; B. 13.4%; C. 34.9%; D. 25.9%

3. A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period? A. $2,700 B. $2,900 C. $3,300 D. $3,500

5. A company purchased $7,500 worth of merchandise 3/15, N/30. Transportation costs were an additional $80, paid in cash. Three days after receipt of merchandise, the company returned $900 worth of merchandise. It later paid the invoice within twelve days of purchase. The total amount paid for this merchandise is: A. $6,479.60; B. $6,482.00; C. $7,275.00; D. $7,355.00