Maghielse Company incurred the following expenses during the year ended 12/31/14 Concept formulation of product attentives 15,000 Legal work in connection with patent Applications $120,000 Engineering blow-through in an early phase of commercial production $10,000 Seasonal chan 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 . d. $65,000 O e $135,000 Clear my choice 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, 430 Outstanding checks, 430 Bank service charges for April $78,925 450 12,000 10,000 25 What is the unadjusted balance per books at April 30? Select one O a. $81,400 b. 580.925 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 returns Accounts written off as uncollectible $10,000 415.000 10,000 8.000 tion 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 $14450 b. $13,250 O c. $11,250 O d. $9.250 O e. $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 on . c. Purchases O d. Inventory O e. Cash Clear my choice EN