9) Which of these accounts are adjusted after the Unadjusted Trial Balance? A) Prepaid Accounts B) Depreciation C) Mistakes D) All of the above. The following transactions (for Questions 11 and 12) occurred regarding inventory during February 2020 which was the first month in business for the SuperChair Company: 2/1/20 Purchased 40 chairs at $ 50 per chair 2/5/20 Purchased 100 chairs at $52 a chair 2/11/20 Purchased 100 chairs at $53 per chair 2/17/20 Sold 89 chairs at $100 per chair 2/22/20 Purchased 100 chairs at $57 per chair 2/28/20 Sold 227 chairs at $105 per chair 11) What is the dollar amount in Ending Inventory at 2/29/20 using First In First Out? A)1,938 B)2,009 C)1,368 D)1,200 12) What is the dollar amount in Ending Inventory at 2/29/20 using Last In First Out? A) 1,200 B) 1,368 C) 2,009 D) 1,248 19) True False LMNOP Company returned $5,000 of defective merchandise that they bought using Accounts Payable and the Journal Entry for this would be: Accounts Payable Merchandise (Defective) 5,000 5,000 (Defective merchandise returned) 13) True False If an employee has not been paid yet, the Company would debit Salaries Expense, and credit all applicable taxes withheld and Salaries Payable. When the employee is paid, Salaries Payable is debited, and Cash is credited. 14) True False When using the Double Declining Balance method of Depreciation, the last year of depreciation has to be adjusted so the overall amount to be depreciated for the asset is correct. 15) A corporation: (Highlight all that are correct) A) Has rights, responsibilities, and duties like a person B) It is treated separately from people C) Has limited liability D) Has transfer of ownership rights