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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. Multiple Cholce $5,140 $2,790 $3,480 $3,360 099's 09Ees 0ab's gotes oplis aSous ajdqnW Mackenzle Company sold $680 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 1.0% fee for sales on its credit cards. The journal entry to record this sales transaction would be: Multiple Choice Debit Accounts Recelvable $680 and credit Sales $680 Debit Cash of $680 and credit Accounts Recelvabie $6a0. Debit Cash $67320 and credi Sales $67320. Debit Cash $67320; debit Credit Card Expense $6.80 apd credit Sales $680. Debit Cash of $680 and creds Sales $680 Winkler Company borrows $105,000 and pledges its recelvables as security. The journal entry to record this transaction would be: Multiple Cholce Debit Cash of $105,000 and credit Accounts Recelvable $105,000 Debit Notes Receivable $105,000 and credit Accounts Receivable $105,000. Debit Cash of $105,000 and credit Accounts Payable $105,000 Debit Accounts Recelvable $105,000 and credit Notes Payable $105,000. Debit Cash $105,000 and credit Notes Payable $105,000 Mohr Company purchoses a machine at the beginning of the year at a cost of $26,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 5 years with a $5,000 salvage value. Depreciation expense in year 2 is: Multiple Choice 58.400 515.600 55.200 56.240 $10.400