Assume that the Petty Cashier of a $400 petty cash fund has $60 in cash plus $340 in recepts at the end of the month. The entry to replenish be the petty cash fund wil include A credit to Cash for $340 A credit to Cash for $60 A debit to Cash for $60 A debit to Cash for $340 Hazards company had the following data Beginning inventory (on May 1) Purchases during May Cost of goods sold during May $190 $2,870 $2,700 Based on the above data, calculate ending inventory as of May 30 $20 $360 $5,760 $2,510 QUESTION 6 XYZ company provided the following information: Sales Accounts payable Selling expenses Administrative expenses Other revenues Cost of goods sold Cash Other expenses $134,500 15,500 37,000 13,000 27,000 95,000 24,000 22,000 Click Save and Submit to save and submit. Click Save All Answers to save The Sears company had the following business transactions during December: Required: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below. Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. 167. B. Cash Receipt journal C Purchases journal Purchased merchandise on credit for $3,500 from Juffair Company, D. Cash Payment journal terms 3/15, n/60. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. Paid the amount owed to ABC Company. Check No. 187. QUESTION 9 Thinkvision company has the following inventory 5 units 10 BD each. 9 units @ 10 BD each The weighted average cost per unit for the above inventory is: 9.67 BD 10 BD 9 BD 9.5 BD QUESTION 10 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction includ Dr. to cash and Cr to sales, $4,000 Dr. to accounts receivable and Cr to sales; $2,000 Dr to accounts receivable and Cr. to sales; $4,000 O Dr. to cash and Cr. to sales; $2,000 QUESTION 11 Which inventory valuation method would yield the highest net income in periods of rising prices? None of the answers Weighted average FIFO O Specific identification QUESTION 12 Hawk Company establishes a $600 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash account and Cr petty cash expense account; 600 Dr cash account and Cr petty cash account, 600 Dr petty cash expense account and Cr petty cash account; 600 Dr petty cash account and Cr cash account; 600 Remaining Time: 1 hour, 04 minutes, 09 seconds. Question Completion Status: QUESTION 6 XYZ company provided the following information Sales $134,500 Accounts payable 15,500 Selling expenses 37,000 Administrative expenses 13.000 Other revenues 27,000 Cost of goods sold 95,000 Cash 24,000 Other expenses 22,000 GC Required: Calculate the following: (SHOW YOUR CALCULATIONS) 1. Gross profit 2. Net income/ loss (note: specify whether the company had net income or net loss) For the toolbar, press ALT F10 (PC) or ALT+FN-F10 BIVS Paragraph Arial M 10pt 3 E QUESTION 7 Click Save and Submit to save and submit. Click Save All Anvers to say all answers @ 2 E 4 #t 3 r H 4 % S 0 5