On March 18, James Smith purchased $3,000 of furniture from Home Furnishings on account. The cost of the goods was $1,800. On March 20, Home Furnishings granted the customer a $800 sales allowance for goods damaged in transit. Which of the following represents the correct way to record this transaction? 800 800 O A. Sales Revenue 800 Cash B. Refunds Payable 800 Cash Merchandise Inventory 480 Estimated Retums Inventory OC. Refunds Payable 800 Accounts Receivable OD. Sales Returns and Allowances 800 Cash 480 800 800 The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc, A deposit of $5,800 is in transit Outstanding checks total $1,500 The book balance is $6,400 at February 28, 2025. The bookkeeper recorded a $1,800 check as $17.100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,630. * A deposit of $500 was credited by the bank for $5,000. A customer's check for $3,200 was returned for nonsufficient funds. The bank service charge is $70. What was the adjusted book balance? A. $18,570 B. $18,500 OC. $18,430 OD $18.700 Jack's gross pay for the week is $1,600. His year-to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jack's year-to-date pay has previously exceeded the $7,000 cap. What is the total amount of payroll taxes that Jack's employer must record as payroll tax expenses? (Do not round your intermediate calculations. Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%) A. $99.20 B. $122.40 C. $23.20 D. $67.20 An invoice, with payment terms of 3/10,n/30, was issued on April 28 for $250. If the payment was made on May 12, the amount of payment will be (Round your answer to the nearest cent.) OA. $225 B. $250 C. $243 D. $247