Everything Bikes is owed $550 rent which has not been received by 31 December... Everything Bikes is owed $550 rent which has not been received by 31 December 2018, the last day of the accounting period. The adjusting entry on that date is: Select one: a. DR Rent income $550, CR Accounts receivable $550 b. DR Rent expense $550, CR Accrued Rent $550 OC. DR Accounts receivable $550, CR Rent income $550 d. DR Bank $550, CR Rent income $550 Australia's GST (Goods and Services Tax) legislation requires a tax invoice ... Australia's GST (Goods and Services Tax) legislation requires a tax invoice to be issued for all sales greater than: Select one: a $75 b. $50 c. $100 O d. $200 The post-closing trial balance should contain: The post-closing trial balance should contain: Select one: O a. Revenues and expenses b. Assets, liabilities, owner's equity, revenues and expenses O c. Assets, liabilities, owner's equity d. All answer are correct On 17 November 2019, Koko Wholesalers purchased clothing with a list price of... On 17 November 2019, Koko Wholesalers purchased clothing with a list price of $250 000 from Cici's Clothing Importer Cici's Clothing Importers sells clothing with credit terms of 2/10, n/30. A trade discount of 35% is given to purchases made by wholesalers. The clothes had cost of $97 500 to import from China. How much is the trade discount given to Koko Wholesalers, Ignore GST. Select one: a. $250 000 b. $5 000 c. $97 500 d. $87 500