30.On March 1, a business paid $4,200 for a twelve-month liability insurance policy. On April 1, the business entered into a two-year rental contract for equipment at a total cost of $18,480.

a. Determine the insurance expense for the month of March. $

b. Determine the balance in prepaid insurance as of March 31. $

c. Determine the equipment rent expense for the month of April. $

d. Determine the balance in prepaid equipment rental as of April 30. $

31.On May 7, Carpet Barn Company offered to pay $72,890 for land that had a selling price of $90,000. On May 15, Carpet Barn accepted a counteroffer of $84,850. On June 5, the land was assessed at a value of $100,000 for property tax purposes. On December 10, Carpet Barn Company was offered $127,270 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records? $

35. If $310,000 of 9% bonds are issued at 96, the amount of cash received from the sale is

a.$310,000

b.$337,900

c.$297,600

d.$282,100