Blackboard Remaining Time: 2 hours, 10 minutes, 15 seconds. Question Completion Status: QUESTION 22 A company purchased inventory for $281,750 from a vendor on account, FOB shipping point with terms of 2/10,n30. The company paid the shippers 12.700 cash for freight in. The company then returned damaged goods worth $ 61,250. The invoice was then paid eight days after the invoice date Assuming that there was no beginning inventory balance, the not cost of inventory would be (Assume a perpetual inventory system) $276.115 $216,090 $228,790 $288.815 QUESTION 23 On August 14, Park Avenue Bankent $240,000 to City Coffee Shop on a 75-day, 2% note. What is the maturity value of the note? (Use a 365-day year and round answers to the nearest dollar.) $240.000 $240,906 $244,800 $241.000 QUESTION 24 Click Save and Submit to save and submit. Click Save Al Answers to sorella Save All Answers Close Window MacBook BA 888 95 PE 50 WY * # 3 $ 4 % 5 & 7 2 6 8 0 W E R T Y U I 0 S D F G HJ Blackboard Remaining Time: 2 hours, 10 minutes, 05 seconds Question Completion Status QUESTION 24 2 A company's accountant cada payment that should have been recorded as a revenue expenditure How will this error affect the company's financia statements Liables wil be understated Net Income will be overed Assets will be understated Revenues will be understated 2 pc QUESTION 25 Which of the following is true of the Par Value Agustment - Trading account for trading dust investments? It is added to the Trading Debt went out to determine carrying value has a credit balance is comidered as an adjunct account it has a debit balance It is considered as an adunt account i'it has a credit balance is subtracted from the Trading Debt investment account to determine carrying value thas a debt balance QUESTION 26 2 pour Click Save and Sundblick Save All Area Save All Answers Close Window MacBook go PIN 13 858 NO # 3 $ 4 % 5 6 7 8 9 0 Q W E R T Y o S D F G H J L