*Multiple Choice Question 218 Given the following adjusted trial balance: Credit Debit $1596 Cash 2014 2999 290 117 Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 6350 353 $7195 $7195 After closing entries have been posted, the balance in retained earnings will be: a a $6544. 56191. $6716 $6348. * Multiple Choice Question 66 x Your answer is incorrect. Try again. Bramble Corp. just began business and made the following four inventory purchases in June: June 1 130 units $715 June 10 180 units 1098 June 15 180 units 1206 June 28 130 units 923 $3942 A physical count of merchandise inventory on June 30 reveals that there are 190 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is 6 $1349. o o $1045. $1081. $1325. Question Attempts: 1 of 3 use *Multiple Choice Question 67 Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 130 units $901 June 10 180 units 1260 June 15 180 units 1368 June 28 130 units 1040 $4569 A physical count of merchandise inventory on June 30 reveals that there are 180 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory (rounded to whole dollar) for June is $1420 $1440. $1251. $1248. *Multiple Choice Question 68 Kingbird, Inc. just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 170 units 220 units 220 units 170 units $1214 1760 1892 1530 $6396 A physical count of merchandise inventory on June 30 reveals that there are 230 units on hand. Using the average cost method, the amount allocated to the ending inventory (rounded to whole dollar) on June 30 is $1840. o o $1886. $1978. $2046