5.) If a company uses a sub-ledger to manage its accounts receivable, what is the top level A/R account usually referred to as? a) Balance Account b) Control Account c) Title Account d) Main Account e) None of the above 6.) Equipment is sold for $4,500. The equipment was purchased for $19,000 has a residual value of $4,000. The updated accumulated depreciation of the equipment at the time of the sale was $13,000. What is the gain or loss on the sale? a) Gain of $500 b) Loss of $1,500 c) Gain of $1,500 d) Gain of $8,500 e) Loss of $8,000 7.) An organization has an employee with an annual salary of $90,000. During the year the organization deducted from the employee's paycheque $37,000 of income tax, $2.500 of CPP and $900 of El. The organization had to match the amounts of CPP and El and accounted for these as a benefit expense. How much was the organizations' cash account credited as a result of this employee after all appropriate cash payments have been completed? a) $49,600 b) $46,200 c) $90,000 d) $93,400 e) $53,000 O e ASUS VivoBook 110 Endring puolen