1. Explain and differentiate among depreciation expense, accumulated depreciation, ending book value & cost with example. 5 2. (a) The accounts receivable turnover ratio is 8.14, and average net receivables during the period are $400,000. What is the amount of net credit sales for the period? 2.5 (b) Texaco Oil Company issues its own credit cards. Assume that Texaco charges you $40 on an unpaid balance. Prepare the journal entry that Texaco makes to record this revenue. 2.5