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13.The cash, land, inventory, and accounts receivable accounts are shown on the balance sheet. In which order should they be listed? a. Cash, Accounts Receivable,

13.The cash, land, inventory, and accounts receivable accounts are shown on the balance sheet. In which order should they be listed?

a. Cash, Accounts Receivable, Inventory, Land

b. Cash, Inventory, Accounts Receivable, Land

c. Inventory, Accounts Receivable, Cash, Land

d. Land, Inventory, Accounts Receivable, Cash

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CengageNOWv2 | Oni X Study Progress 0 Previous Page 8 ONE Next 0 Submit Quiz Determine the gross prot using the periodic inventory system and the FIFO inventory method, assuming that 18 units were sold at a sales price of $14. Date Item U nits Cost Total June 1 Beginning inventory 5 $5 $30 June 12 Purchase 6 50 June 18 Purchase 7 7 E Totals $ 146 0 61.5104 0 b. $252 0 0. $148 0 d. $136 Save and Exit Submit Assignment for Grading 12:14 PM 5 1m 5,4201? 11 CengageNOWv2 | Oni X Study Progress 0 Previous Page 9 ONE Next 0 Submit Quiz Determine the ending inventory using the periodic inven cry system and the LtFO inventory method, assuming that 18 units were sold at a sales price of $14. Date Item U nits Cost Total June 1 Beginning inventory 5 $5 $30 June 12 Purchase 6 50 June 18 Purchase 7 7 E Total 5 $ 146 0 61.5146 0 b. $30 0 c. $56 0 d. $42 Save and Exit Submit Assignment for Grading 12:14 PM 5 1m 5,4201? 11

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