Maghielse Company incurred the following expenses during the year ended 12/31/14 Conceptual formulation of product alternatives $15,000 Legal work in connection with patent applications $120,000 Engineering follow through in an early phase of commercial production $10,000 Seasonal design changes to existing products $12,000 Depreciation on research equipment 550,000 The total amount to be expensed as Research and Development is: Select one: O a. $170,000 O b. $75,000 O c. $145,000 O d. $65,000 O e. $135,000 In preparing its bank reconciliation for the month of April, Century, Inc. has available the following information: Balance per bank statement, 4/30 NSF check returned with 4/30 bank statement Deposits in transit, 4/30 Outstanding checks, 4/30 Bank service charges for April $78 925 450 12 000 10.000 25 What is the unadjusted balance per books at April 307 Select one: O a. $81.400 . b, $80,925 O c $81,750 O d. $80,100 All of Roberts Company's sales are on a credit basis. The following information is available for 2015: Allowance for doubtful accounts at 1/1/15 Sales Sales retums Accounts written off as uncollectible $10,000 415.000 40 000 8.000 Roberts provides for doubtful accounts expense at the rate of 3% of net sales. Following adjusting entries at December 31, 2015, the allowance for doubtful accounts balance will be: Select one: O a $14.450 . b. $13,250 O $11,250 d. $9.250 O $11,050 Clear my choice In a periodic inventory system, purchases of merchandise on account are recorded by crediting Select one: O a cost of Goods Sold O b. Accounts Payable . c Purchases O d. Inventory O e Cash Clear my choice