Chocolate Corner Company had the following transactions during the current year: Apr. 8. Received a $7,050, 75-day, 8% note from Lance Armstrong in payment of account. May 24. Wrote off customer Joe Nutella's account against the Allowance for Uncollectible Accounts, $150 June 22. Received payment of Lance Armstrong's note in full. Sept. 10. Gave a $5,600, 90-day, 9% note to Herbert Anson in payment of account. Sept.18. Received payment of Joe Nutella's account, written off May 24. Dec 9. Paid principal and interest due on note to Herbert Anson. Please Note: a 360-day year is standard for many such interest computations - for this course interest is to the nearest month rather than precisely to the day. Round interest to the nearest dollar (no cents). f needed record the above transactions in general journal form. On Dec 9th cash is paid in the amount of: Multiple Choice None of the other alternatives are correct O $5,474 O $5,726 O The following information relates to the inventory of ABC Inc. who uses a perpetual inventory system: # Units 300 150 Date December 4 December 10 December 15 December 20 December 29 Transaction Opening inventory Purchase inventory Sell inventory Purchase inventory Sell inventory Unit cost/sales price $15 $18 $ 27 $20 $30 300 150 100 What is the value of inventory on hand after the December 29 sale if LIFO is used? Multiple Choice O $4,000 O $1,950 O $3000 C $3,250 $2,600