A business has sales of $300,000, net income of 560,000, beginning inventory of $15,000, purchases of $195,000, and operating of $80,000 What is the value of ending inventory for this bunine 180,000 b. $210,000 d. 550,000 . 565,000 of $60,000, and cost of goods sold of $41,000. What would sales be for this company? b. $241,000 5200,000 $95,000 5163,000, and 3 A business has sales of $205,000, ending inventory of $12,000, a net loss of $16,000, operating expenses of si6 purchases of $48,000, What is the value of beginning inventory? a $118,000 c. $22,000 b. $42,000 d. $30,000 one Garber Garter Company lends Ne vell Company S20,0000 April, accepting a four-m ont os interest Company prepares financial statements on April 30. What adjusting entry should be made 4 statements can be prepared? 20,000 a. Note Receivable b. Interest Receivable c. Cash d. Interest Receivable 20,000 Cash 100 100 Interest Revenue 100 100 Interest Revenue 300 300 Interest Revenue 5 Which of the following expressions is incorrect? a. Gross profit- operating expenses - net income b. Sales cost of goods sold- operating expenses-net income c. Net income + operating expenses gross profit d Operating expenses-cost of goods sold-gross profit o ih of he folown nount would Merchaseeryon the bolance d be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is $110 and the current replacement cost is $902 ?) $200 B) The average of $90 and $110 C) $110 D) $90