44. An accumulated depreciation account against total assets on the balance shees C) increases on the debit side D) is a contra liability account 4s. Alpha First Company just began basiness and made the following four inventory purchases in June: June June 10 June15 June 28 150 units 200 units 200 units 150 units s 1,040 1,560 1,680 55,600 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is A) $1,824 B) $1,848 C) $1,456 D) $1,508 46. A list of accounts and their balances at a given time is called a(n) A) income statement. B) journal. C) posting. D) trial balance Which one of the following would not cause a bank to debit a depositor's account? A) 47. Checks marked NSF Bank service charge. Collection of a note receivable. Wiring of funds to other locations. B) C) D) Which of the following is not one of the three forms of business organization? A) Partnerships B) Proprietorships C) Investors D) Corporations 48