On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120,000 The customer paid 40% cash, and signed a 80 days, 10% note for the reaming balance. Instructions: Based on the above given information answer the following questions, assuming the company has a fiscal year ending 318: 1) What is the amount of sales revenue that "ABC" Company must record on August 10th, 2019? 2) What is the amount of cash "ABC Company will receive on the maturity date? 3) What is the amount of interest that "ABC" Company must present on it income statement for the year ending 31/8/2019? 4) On 31/8/2019, "ABC" Company must a note receivable with an amount of on its statement of financial position. 5) What is the amount of interest that "ABC Company must present on it income statement for the year ending 31/8/2020? 6) On 31/8/2020, "ABC" Company must a note receivable with an amount of on its statement of financial position On January 19, 2010, "ABC" Company decided to establish a petty cash fund for $300. On January 31, 2020, the custodian submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $145 cash in the fund: Receipt Amount Freight-in $27.00 Office Supplies $38.00 Entertainment of Clients $60.00 Postage Expense $20.00 Instructions: Based on the above given information, answer the following questions: 1) The journal entry to replenish the petty cash will have a cash over and short on the with an amount of 2) The cash over and short must be presented as on the Previous page Next page