Exercise 1. Accounting (25%) Below you will find five issues/ questions related to the closing of accounts. For each issue / question, you must answer one question. You get 5 points for each correct answer. There is no point deduction for the wrong answer. For all the issues / questions the following applies: Enter a number without decimals and spaces in the blank box. If the number is to be negative, put a minus sign in front. (For example: -3500). In this exercise, you should use a VAT rate of 25%. The questions have no connection with each other. 1 Question 2. The purchase of goods for 20X6 is booked at NOK 650,000. Incoming goods were NOK 100,000. As of 31.12.X6, the inventory has a value of NOK 70,000. In connection with the annual settlement, it is discovered that a credit note from a supplier has not been posted. The credit note was NOK 25,000 including VAT. What will be the cost of goods for 20X6 when the credit note is taken into account? Question 3. A customer has just gone bankrupt and it can be expected to be paid 25% of the amount the customer owed. The company must post an actual loss of NOK 30,000 on this receivable. How much did the customer owe (how large was this trade receivable) including VAT? Question 4. In the preliminary balance sheet shows that NOK 100,000 has been paid in rent in 20X6. As of 31.12.X6, the company has paid an advance for January 20X7 with NOK 10,000. As of 1.1.X6, the company owed NOK 18,000 for November and December in 20X5. What will be the rental cost for 20X6? Question 5. In the preliminary balance sheet, sales of goods / sales income are entered at NOK 1,400,000. In connection with the annual settlement, it is discovered that a credit note to a customer has been entered as an outgoing invoice - ie as a sale. The credit note was NOK 30,000 including VAT. What will be the company's sales revenue / sales of goods when this error has been corrected