Can you explain the question number 23 and 27 specifically?

Use the following information to answer questions 23-30 Beta Alpha Psi decided to sell food during the Spring fling. The Spring Fling was held on March 30. The following transactions occurred during the month of March (Assumea beginning balance in cash/stockholders equity of $1,500). March 1 Purchased hot dogs, chips, & soda (inventory) on account (to be paid later) for $500. 1 Rented a grill for $50 a month (to be paid later). 1 Placed advertisement in campus newspaper at cost of $25 (to be paid later). 1 Purchased a table for use at this and other events. Cost $60, which is paid immediately. Assume table has a useful life of five years and no residual or salvage value. 30 Sales (all cash) for the month totaled $1,300. Cost of goods sold totaled $450 3) What is the ending balance of cash? A) $2,740 B) $2,1 $2,215 D) $2,240 24) What are total liabilities on the 3/31 Balance Sheet? A) $500 B) $450 $110 1 $00 - 502 D) $575 40 25) What total expenses on the 3/31 Income Statement? A) $625 $526 C) $1,075 D) $60 26 What is the March entry related to cost of goods sold? Debit cost of goods sold $450; credit inventory $450 B) Debit inventory $500; credit cost of goods sold $500 C) Debit cost of goods sold $500; credit inventory $500 D) Debit inventory $450; credit cost of goods sold $450 27) What is the depreciation expense for March? $%5 B) $1 C) $60 D) $12