ACCOUNS Neceivable (3A)150 000 Inventory (2) 120 000 (3B)100 000 (6) 140 000 (6B) 40 000 (1) 300 000 (2) 120 000 (6A) 60 000 (4) 10 000 (8) 130 000 (5) 1000 (9) 31 500 (10) 190 000 Short-term Investments (10) 190 000 Motor Vehicle (4) 40 000 Accounts Payable (6) 140 000 Short-term Loan (9) 30 000 (4) 30 000 Share Capital (1) 300 000 (8) 130 000 Sales Revenue (3A)150 000 (6A) 60 000 Cost of Goods Sold (3B)100 000 (6B) 40 000 Advertising Expense (5) 1000 Interest Expense 1500 (9) Answer 4 questions by selecting answers from the drop-down menus below. Each question awards 1.5 marks. What is the closing balance of Inventory? What does transaction (2) represent? purchase of inventory for cash Which transaction represents payment for an expense item