Abbott Company purchased $7,500 of merchandise inventory on account. Advent uses the perpetual inventory method. Which of the following entries would be required to record this transaction?

Cost of Goods Sold	7,500
Accounts Payable		7,500

Inventory	7,500
Accounts Payable		7,500

Accounts Payable	7,500
Purchases		7,500

Accounts Payable	7,500
Inventory		7,500

2-

The April 30, 2016 bank statement for Trimble Corporation shows an ending balance of $39,603. The unadjusted cash account balance was $33,150. The accountant for Trimble gathered the following information:

1. There was a deposit in transit for $5,232 2. The bank statement reports a service charge of $159 3. A credit memo included in the bank statement shows interest earned of $735 4. Outstanding checks totaled $13,479 5. The bank statement included a $2,370 NSF check deposited in April

What is the true cash balance as of April 30, 2016?

3-

Eureka Company issued $260,000 in bonds payable on January 1, 2016. The bonds were issued at face value and carried 4-year term to maturity. They had a 5% stated rate of interest that was payable in cash on January 1st of each year beginning January 1, 2017. Based on this information, the amount of total liabilities appearing on the December 31, 2016 balance sheet would be: