Hi, please help with question 34,35, 43 and 44. Please provide the detailed solution of how you get these answers in EXCEL format. Please make sure that you will answer all of these four questions. Thank you!

29. The cash basis of accounting is not in accordance with generally accepted accounting principles. 30. An accodting time period that is one year in length is called: b. an interim period. the time period assumption. a reporting period. C na service-type business, revenue is recognized: th 31 at the end of the vear. when the service is performed. when cash is received. C. 30. The customer is sent a December 10. The flower shop for nt on December 5 and a check is receition principle. When is the $1,000 32. flower shop makes a large sale for $1,000 on Novemb the revenue recc aj considered to be recognized? a. December 5 b. December 10 C. November 30 d. December 1 33. Accumulated Depreciation is a(n): expense account. b iab s equity account d. contra asset account 34. Given the following adjusted trial balance: Debit $1.562 Credit Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment 2,098 3,124 86 300 52 Unearn payable Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense 82 ce revenue 122 206 6,610 268 56 160 66 Total $7.396 $7.396 Net income for the year is: a. $98. b $270 c. $324 d. $496 a se entries have been posted the balance in retained earnings will be: b. $6,512. c. $6.880 d. $6,708 35 After Chapter 5 36 periodic inventory system does not require a detailed record of inventory items. 37. The purchase of inventory and its eventual sale lengthen the operating cycle of a merchandising company 38. Operating expenses are subtracted from revenue for a service enterprise and from gross profit for a merchandising enterprise. 39. Merchandising companies that sell a. brokers. b. corporations wholesalers service firms. retailers are known as C 40. Gross profit equals the difference between a. net income and operating expenses b. sales revenue and cost of goods sold. sales revenue and operating expenses sales revenue and cost of goods sold plus operating expenses. C C A merchandiser will earn an operating income of exactly $0 when net sales equals cost of goods sold. b. cost of goods sold equals gross margin. c. operating expenses equal net sales. d. gross profit equals operating expenses. 41. 42, Gross profit does not appear on a multiple-step income statement. on a single-step income statement. c. to be relevant in analyzing the operation of a merchandising company. d. on either a multiple-step or single-step income statement. b. 43. Financial information is presented below: $ 45,000 4,000 6,000 es Sales returns and allowances Sales discounts Sales revenue 160,00 Cost of goods sold would be 90,000 Gross a. $90,000. b. $70,000 c. $60,000. d. $66,000. 44. Lovett Company provides this information for the month of November, 2014: sales on credit $140,000; cash sales $50,000: sales discount $2.000: and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement based on this information