D Question 15 Which of the following accounts belongs on the income statement? O cost of goods sold O prepaid expense O unearned revenue / O retained earnings Question 18 Bob's Burgers had the following liabilities by the end of 2019: Accounts Payable $75,000 Wages Payable $220,000 Unearned Revenue $400,000 (25% will be earned in 2020) Notes Payable $250.000 ($50,000 payable in 2020) Which of the following is the amount the restaurant should report as Total Current Liabilities on its balance sheet as of December 31, 2019? 0 $150,000 $295,000 0 $445,000 0 $945,000 Question 19 Which of the following best describes the event that led to the following transaction? 20.000 cash 20,000 unearned revenue the company prepaid for services for the following year the company recognized depreciation expense related to a long-lived asset the company received prepayment from a customer for services to be provided at a later date o the company did an end-of-year review which revealed a liability that will need to be paid in the following year Question 20 1 p In September 1, 2019, The Handlebar Spin Studio sold 20 annual mamborchin ton Question 21 The Yarn Coop purchased a weaving machine, and after installing and testing the machine, it was put into service on September 1, 2020. The total cost of the machine, including installing and testing, was $25,200; it is expected to have a useful life of 10 years and a salvage value of $1,200. The Yarn Coop uses the straight-line method of depreciation; what would the depreciation expense be for the month of September, 2020? Round your answer to the nearest whole dollar. 1 pts Question 23 Samson Inc. has Income Before Taxes on the income statement for the year 2018 of $50,000. Taxable income on Samson's tax return was only $40,000 due to a temporary timing difference that caused the tax deduction for depreciation to be greater than the depreciation expense. The tax rate is 30%. Taxes are not required to be paid until April 15, 2019. What is the entry required as of December 31, 2018 to record taxes? O debit income tax payable for 15,000; credit deferred tax asset for 3,000; credit income taxes expense for 12,000 O debit income tax expense for 15,000; credit deferred tax liability for 3,000; credit income taxes payable for 12,000 O debit income tax payable for 15,000; credit deferred tax liability for 3,000; credit income taxes expense for 12.000 O debit income tax expense for 15,000; credit deferred tax asset for 3,000; credit income taxes payable for 12.000