17,18,19

The cunett hahnce of cieb at Mav 31, 2025 is C) 590.800 D) 518.500 Aussimo0 B) 583 eno. 189 Eandite Caporaciva Eactorth, with rovecrse. 5250,000 of accounts rocivable with 18) Bumkn Fiamcing. The finance chage is 3%, and 5% was retained to cover sales. Ascuemb, sules ittarme and sales allowances Randle estimates the rocourse obligation a sscod. What amoent shouly Randle report as a loss on the sale of receivables? A) 3 \& 20 B) 513400 (i) 526,000 D) 50 19) James Corpuay sells lasd with a book value of $350000 to Davis Corp. in exchange 19) Afx a SSeotoOO nero-ieterest-beuring noce poyable in 3 years. The market rate of interest for a trancaction of this nature for Davis is 8%. The present value of 1 at 8% for 3 years is. 7938 and the preeent value of an ordinany annuity of 1 at 8% for 3 years is 2.5771 . If the sale cocurred on January 1 and the fiscal year ends on December 31 , the adjusting journal entry for interest revenue at the end of the second year using the effoctive isterest method (rounded to the nearest dollar) is A) Sis 406 B) 538.490 . c) $36,000. D) $35,562 20) Whee a perperual iaventony system is used. 20) A.) cely ene entry is required to record a sale. B) Cost of Goods Sold account is debited when goods are sold. C a Purchises apoount is uscd. D) pbyxical iaventory counts are tunhecessary 21) Hemo Corperation's inventory on its balance shect was lower using first-in, first-out 21) chd have been using last-in, first-out. Assuming no beginning inventory, in did the cost of purchases move during the period? B) Steady D) Cannot be determined The cunett hahnce of cieb at Mav 31, 2025 is C) 590.800 D) 518.500 Aussimo0 B) 583 eno. 189 Eandite Caporaciva Eactorth, with rovecrse. 5250,000 of accounts rocivable with 18) Bumkn Fiamcing. The finance chage is 3%, and 5% was retained to cover sales. Ascuemb, sules ittarme and sales allowances Randle estimates the rocourse obligation a sscod. What amoent shouly Randle report as a loss on the sale of receivables? A) 3 \& 20 B) 513400 (i) 526,000 D) 50 19) James Corpuay sells lasd with a book value of $350000 to Davis Corp. in exchange 19) Afx a SSeotoOO nero-ieterest-beuring noce poyable in 3 years. The market rate of interest for a trancaction of this nature for Davis is 8%. The present value of 1 at 8% for 3 years is. 7938 and the preeent value of an ordinany annuity of 1 at 8% for 3 years is 2.5771 . If the sale cocurred on January 1 and the fiscal year ends on December 31 , the adjusting journal entry for interest revenue at the end of the second year using the effoctive isterest method (rounded to the nearest dollar) is A) Sis 406 B) 538.490 . c) $36,000. D) $35,562 20) Whee a perperual iaventony system is used. 20) A.) cely ene entry is required to record a sale. B) Cost of Goods Sold account is debited when goods are sold. C a Purchises apoount is uscd. D) pbyxical iaventory counts are tunhecessary 21) Hemo Corperation's inventory on its balance shect was lower using first-in, first-out 21) chd have been using last-in, first-out. Assuming no beginning inventory, in did the cost of purchases move during the period? B) Steady D) Cannot be determined