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just write the final answers 30 On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of

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30 On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n.30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. On March 15, Babson returns some of the merchandise. The selling price of the merchandise is $600 and the cost of the merchandise returned is $350. Babson pays the invoice on March 20, and takes the appropriate discount. The amount that Klein receives from Babson on March 20 is: 1.75 points 00:48:05 Multiple Choice $7,044 $7,644 32 Prior to recording adjusting entries, the Office Supplies account had a $370 debit balance. A physical count of the supplies showed $111 of unused supplies available. The required adjusting entry is: 1.75 points Multiple Choice 00:47:53 O Debit Office Supplies Expense $111 and credit Office Supplies $111. Debit Office Supplies $259 and credit Office Supplies Expense $259 Debit Office Supplies Expense $259 and credit Office Supplies $259. 33 On January 1 of the current year, Jimmy's Sandwich Company reported stockholders' equity totaling $122,500. During the current year, total revenues were $96,000 while total expenses were $85,500. Also, during the current year paid $20,000 in cash dividends. No other changes in equity occurred during the year. If, on December 31 of the current year, total assets are $196,000, the change in total stockholders' equity during the year was: 1.75 points Multiple Choice 00:47:29 An increase of $73,500 O A decrease of $9,500. A decrease of $30.500

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