1.A department stores purchases inventory for $30,000 in 2019. They sell the inventory to their customers in 2020 for $55,000. The department store uses accrual-basis accounting. Based on the preceding information

a.What is the amount of the department store's cost of goods sold in 2019?

b.What is the amount of the department store's cost of goods sold in 2020?

2.A company president works the last week in December 2019, but her salary of $5,000 for that week is paid to her at the end of the first week in January 2020. The company uses accrual-basis accounting. Based on the preceding information

a.How much salary expense is incurred (recorded) by the company in 2019?

b.How much salary expense is incurred (recorded) by the company in 2020?