Hello I need help with 29-38 please

29) on August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: S30,000; ment, $10,000, Accounts Payable, year? What is the amount of stockholders equity as of August 31 of the current A) S12,100 B) $32,100 C) $10,900 D) $49,100 E) $30,900 30 Marlow Company purchased a point of sale system on January 1 for s3,400.This 30) system has a useful life of 10 and salvage value of What would be the for the second year useful life using the double-declining-balance method? A) B) $480 D) S680 C) $544 31) The number of shares that a corporation's charter allows it to sell is referred to as 31) A) Authorized stock. B) Outstanding stock. C) Preferred stock. D) Issued stock. E) Common stock. 32) Acompany purchased $1,800 of merchandise on July 5 with terms 2/10, nV30. On July 32) 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the purchase on July 5 is Cash A) Debit Merchandise Inventory $1,800; credit Sales Returns $200; credit $1,600 Cash $1,600. B) Debit Merchandise Inventory $1,600; credit Returns S200; credit C) Debit Accounts Payable $1,800; credit Purchase Merchandise Inventory si,600. $1,800. D) Debit Accounts Payable $1,800; credit Merchandise Inventory si,800. E) Debit Merchandise Inventory si 800; credit Accounts Payable 33) Billington Corp. borrows $80,000 cash from Second National Bank. How does this 33) transaction affect the accounting equation for Billington? S80,000. A) Assets would increase $80,000 and equity would decrease S80,000. B) Liabilities would decrease $80,000 and equity would increase C) Assets would decrease $80,000 and equity would increase S80,000. D) Assets would increase $80,000 and liabilities would increase S80,000. E) Assets would decrease $80,000 and liabilities would decrease $80,000