1) company A sold merchandise for $450 on account to the syrio snow. the terms were 2/10, n/30. company A uses the net method to account for sales and the cost for the merchandise was $180. The journal entry would include a ... ( round the final answer to the nearest dollar )

4) The total revenues of $6800, total expenses of $3900 and dividends of $600 were recorded in the closing entries. The net change in retained earnings for the month was?

a) 2,300$

b) 3,500$

c) 2,900$

d) 6,200$

6) The amount of an invoice is $5000 with terms 2/10, n/30. The amount to be paid within the discount. Is?

a) 4900$ b) 5000$

c) 4500$ d) 3500$

10) a 20- month Insurance policy was purchased for $1700 on May 1. how much insurance will be expensed on December 31 ?

a) 340 b) 680 c) 1700 d) 85

12) danio inc has $89,000 in assets and 26,000$ in liabilities. how much does the company have in stockholders equity?

a) 89,000$ b) 63,000$ c) 115,000$ d) 26,000$

14) Company a purchased 50 keyboards on account for five dollars each from amadeus inc, when they unpacked the keyboards company a found that 30 of the keyboards were damaged in shipping. What is the journal entry that company a will make to record the purchase return ?

a) debit account payable - amadeus and credit inventory 250$

b) debuts acciunt payable- amadeus and credit inventory 150$

c) debit purchase returns and credit inventory 160$

d) debit purchase returns and credit inventory, 150$