24) Jasper makes a S25,000, 90day, 7% cash loan to Clayborn the transaction should be Co. Jasper's entry to record 24) A) Debit Notes Receivable s25,000, credit Sales $25,00o B) Debit Notes Receivable for $25,000, credit Cash $25,000 C) Debit Accounts Receivable $25,000, credit Notes Receivable $25,000 D) Debit Notes Payable $25,000; credit Accounts Pay able $25,000 E) Debit Cash $25,000, credit Notes Receivable for $25,000 25) A company had the following purchases and sales during its first year of operations 25) January February May September November 22 units at $180 32 units at $185 27 units at $190 24 units at $195 22 units at $200 Sales 14 units 12 units 16 units 15 units 28 units On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) $14445. D) $9839. E) $9315 A) $7815 B) $9387 26) Marquis Company uses a weighted-average perpetual inventory system and has the 26) following purchases and sales: August 2 August 18 August 29 26 units were purchased at $7 per unit 31 units were purchased at $9 per unit. 28 units were sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) A) S202.50 B) S461.00 C) $200.00 D)S279.00 E) $226.52 7) Grays Company has inventory of 13 units at a cost of $8 each on August 1.On August 27) 3, it purchased 23 units at S11 each. 15 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 15 units that were sold? A) $149. B) $130. C) S132. D) S195 E) $126.00