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are these the right answers? if not which one is correct please? Question 12 8 pts On December 31, the accounting records of Waldman Company

are these the right answers? if not which one is correct please? image text in transcribed
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Question 12 8 pts On December 31, the accounting records of Waldman Company contain the following items in random order: Accounts Payable $8,000 Land 120,000 Common Stock 132.000 Building 84.000 Accounts Receivable 20,000 Notes Payable 2 Retained Earnings 84,000 Equipment 60.000 Prepaid Rent 34.000 Determine the amount of Notes Payable. 574,000 $84.000 $34.000 594.000 Question 13 8 pts In applying the revenue recognition principle to a given transaction, the most important period in time is when the O related sales transaction is completed. O related expenses are incurred. O related customer is billed. related cash inflows occur. Question 14 8 pts Jonathan Company's supplies account has a balance of $1,000 on January 1. During January, the company purchased $25,000 of supplies on account. A count of supplies at the end of January indicates a balance of $3,000. Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31? Supplies Expense - $26.000 Supplies on Hand - $1,000 Supplies Expense - $23,000 Accounts Payable - $28.000

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