A company has the following account balances: $ Cash at bank 27,400 Accounts payable 20,400 Inventory 22,700 Accumulated depreciation 17,200 Accounts receivable 16,600 Mortgage payable 115,000 Equipment (cost) 124,000 Dividends 8,600 Net Asset's would be: Select one: O a. $46,700 This information relates to Rosie's Rentals Pty Ltd for the year 2021: Retained Earnings, 1 January 2021 $90,000 Advertising 3,000 Dividends Paid during 2021 14,000 Rent 20,200 Hire Revenue 140,000 Electricity 4,800 Wages 56,000 Share Capital 40,000 Calculate the closing balance of Retained earnings at 31 December 2021: Cumulative profits made by a company that have not been distributed as dividends or transferred to a reserve account, is the best description of: Select one: a. Operating profit b. Retained earnings c. Full disclosure principle O d. Accrued expenses e. Revenue Clear my choice Suppose Hunt Equipment has receivables of $65,000, furniture totalling $205,000 and cash of $52,000. The business has a $109,000 bill payable and owes $81,000 on account. How much is Hunt's owners' equity? Select one: O a. $28,000 O b. $58,000 c. $132,000 O d. $190,000 O e. $322,000 Clear my choice Temple Manufacturing uses accrual accounting. Each of the following events occurred during the month of February. Which one of them should be recorded as a revenue or expense for the month of February? Select one: O a. Collections of $10,000 were made from sales that occurred during January. O b. A bill in the amount of $8,600 was received from a supplier for goods purchased during January. It was paid immediately. O c. Materials costing $18,000 were purchased and paid for. It is expected that they will be used during March. d. Sales of $30,000 were made on credit. They are collected during March. e. On the third day of the month, $8,000 was paid to employees for hours worked during the month of January. Clear my choice