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Dorothy Corporation had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, the entity purchased 11 units

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Dorothy Corporation had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, the entity purchased 11 units at $10 each. On March 6 it purchased 5 units at $13 each. On March 8, it sold 22 units for $56 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? Multiple Choice $286 O $237 $198 $264 Bella makes a $89,000, 90-day, 7% cash loan to Vice, Inc. Bella's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $89,000; credit Cash $89,000 Debit Accounts Receivable $89,000; credit Notes Receivable $89,000 Debit Cosh $89,000; credit Notes Receivable for $89,000. Debit Notes Payable $89,000 credit Accounts Payable $89.000, Debit Notes Receivable $9.000 credit Salons SR9000 Cheetah, Inc. lists the following purchases and sales of its one product. Cheetah uses a perpetual inventory system. Using the FIFO inventory method, what is the cost assigned to cost of goods sold? Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 310 units @ $16 Purchase 300 units @ $18 Sales 220 units $26 Purchase 180 units e $19 24 Sales 170 units @ $27 5 10 15 Multiple Choice $7,380 $6,400 $7190 The person responsible for a $450 petty cash fund has $61.30 in coins and currency plus $383,50 in receipts at the end of the month. The entry to replenish the petty cash fund should include: Multiple Choice A debit to Cash for $388.70 A credit to Cash for $388.70 A debit to Cash for $378.30 A credit to Cash Over and Short for $5.20 Bella makes a $89,000, 90-day, 7% cash loan to Vice, Inc. Bella's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $89,000 credit Cash $89,000 Debit Accounts Receivable $89,000; credit Notes Receivable $89,000. Debit Cash $89,000; credit Notes Receivable for $89,000. Debit Notes Payable $89,000, credit Accounts Payable $89,000. Dehit Notes Receivable $89.000 crerit Sales $89.000

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