1. Tim's Company has recently purchased a new machine. The machine has a cost of $860,000 and an estimated residual value of $60,000. Tim's decided to use the units of production method for recording depreciation and has estimated that the machine can produce four million units over its entire life. During the month of May, the machine is used to make 740,000 units. Calculate depreciation expense for the month of May using the units-of-production method.

159,100

148,000

740,000

680,000

2. Inc.'s books show an ending cash balance of $17,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $4,400, deposits in transit of $3,400, NSF check of $240, and interest earned on the bank account of $150, the company's up-to-date ending cash balance equals:

17,390

12,510

15,910

16,910

Accounts Receivable Accounts Payable Cash Sales Revenue Common Stock Equipment Salaries Expense Land Notes Payable (short term) Building Prepaid Insurance Rent Expense Retained Earnings, January 1, 2018 Cost of Good Sold $ 6,000 725 1,850 7,450 5,500 6,400 475 5,300 5,500 1,350 475 1,475 8,000 3,850 What is the total of the debit side of the unadjusted trial balance? Multiple Choice $21,675. $27,175. 0 $18,675. $20,950