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Abe & Anna Split Ice Cream Parlor paid $2,450 cash for a 5-month advertising contract on September 30, 2019. The amount of advertising expense reported
Abe & Anna Split Ice Cream Parlor paid $2,450 cash for a 5-month advertising contract on September 30, 2019. The amount of advertising expense reported on the Income Statement for the year ending December 31, 2019, for this advertising contract is Multiple Choice $1,470 $1,960 $490 $2.450 Robin Banks, Inc. owns an armored truck which was purchased for $84,000. The Accumulated Depreciation on the truck is $58,000. The book value of the armored truck is Multiple Choice $84,000 S142000 $58,000 $26,000 On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,820 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended June 30, 2019, is Multiple Choice $282 571 $235 $94
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