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final answer only ,no need to explane .. please help i have exam 1. Centro Company reported the following balances at August 20, 2020: Sales
final answer only ,no need to explane .. please help i have exam 1. Centro Company reported the following balances at August 20, 2020: Sales Revenue $29,000 Sales Returns and Allowances...........2,700 Sales Discounts............... .300 Cost of Goods Sold....... .12,500 Net sales for the month is * (2 points) $25.500. $27.000. $26.000 $13,000 2. On June 1, Elicia Company incurred $850 advertisements Expense to run during the month of June on Account. This transaction will (2 Points) Increase Accounts Recievable and increases Advertising Expense by 5850. Increase Accounts Payable and increase Advertising Expense by $850. Decrease Cash and increase Advertising Expense by $850. Increase Account payable and Decrease Advertising Expense by $850 3. If goods in transit are shipped FOB destination * (2 Points) the seller has legal title to the goods until they are delivered. no one has legal title to the goods until they are delivered. the transportation company has legal title to the goods while the goods are in transit. the buyer has legal title to the goods until they are delivered. 4. Before posting a payment of 5,000, the Accounts Payable of Senator Company had a normal balance of 16,000. The balance after posting this transaction was: (2 Points) 11,000 21.000. Cannot be determined. 5.000 5. NGO Company paid its monthly rent for $80,000. This transaction will (2 Points) O increase Cash and decrease Rent Expense by $80,000. decrease Cash and increase Rent Expense by $80,000. decrease Cash and decrease Rent Expense by $80,000. have no effect on the accounting equation
final answer only ,no need to explane .. please help i have exam
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