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2. A company purchased $6,000 of merchandise on credit with terms 2/15, n/30. How much will be debited to Accounts Payable if the company pays $800 cash on this account within ten days of purchase? A. $816.33 B. $5,760 C. 5800 D. 5900 2 points *3. On 12/15/2020 narcel of land is offered for sale at $200.000 assessed for tax nurses at $195 000 recognised hw 4. Identifying business activities requires selecting transactions and events relevant to an organization's usual operations. Which of the following events would affect the accounting records of Mark's Motor Repairs? 1 point A. Mark charged $3,800 for changing a credit customer's car engine. B. F. Sommer, a customer of Mark, buys groceries at the Wal-Mart store next door to Mark's workshop while waiting for her car to be serviced. C. Clean Fuel Company, a supplier to Mark, sells 50 gallons of engine oil to Roadway Company, situated next door to Mark's workshop D. Mark hires Andrea as a receptionist, to start work in two months. 1 point 10. Generally Accepted Accounting Principles: A. Does not require financial statements B. Focus on the review of a situation C. Intend to make information on the financial statements relevant, reliable and comparable D. Oversees Security and Exchange Commission 15. For the calendar year of 2019, Prospect Supplies had beginning assets of $437,600, beginning liabilities of S262,560, Common Stock sold during the year totaled $45,000, Revenue for the year was $414,250, Expenses for the year were $280,000, Dividends declared was $22,700, and Ending Liabilities is $$350,000. 3 points What is the Ending Assets figure for the year? A.S.700,160 B. 8,612,560 C. $,787,600 D. $,681,590 *16. On October 15, 2020 Multiple Products Sellers (MPS) sold goods on credit to Area Charter School for $6,300. The school issued a note payable to MPS for 90 days at 4% interest. MPS operates on a calendar year accounting basis. What adjusting journal entry will MPS make in its books of accounts as at 12/31/20207 3 points Dr. Cr