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24. Barry Corp. provides services of $46,000to Thomas Water District M4S on April 12 of the current year with terms 1/15, n/60. What would Barry

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24. Barry Corp. provides services of $46,000to Thomas Water District M4S on April 12 of the current year with terms 1/15, n/60. What would Barry Corp.record on April 12? A.Accounts Receivable 46,000 B. Accounts Receivable 46, Sales Revenue 46,000 Sales Revenue Sales Discounts 45,540 C. Accounts Receivable 45,54 Sales Revenue 45,540 D.Accounts Receivable 45 Sales Discounts 46,000 Sales Revenue A. Option A B. Option EB C. Option C D. Option D Barry Corp. issued 10,000 shares of $1 par value stock for $5 per share. What is true about the journal entry to record the issuance? A. Debit Common Stock $10,000. B. Credit Cash $50,000. C. Credit Common Stock $50,000. D. Credit Additional Paid-In Capital $40,000. 39. 40. Which of the following has the lowest expected return to the investor? A. Bonds. B. Preferred Stock C. Common Stock. D. They all have similar expected returns

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