only final answers no explaining

10. On August 1, 2018. Turner Manufacturine lends cash and accepts a $6,000 note receivable that offers 870 interest and is due in twelve months. How would Turner record the year-end adjustment to accrue interest on December 31, 2018? 360 480 A. Interest Revenue 360 Interest Receivable B. Interest Receivable 480 Interest Revenue c. Interest Receivable 360 Interest Revenue DJInterest Receivable 1200 Interest Revenue 360 200 11. The cost of the goods that a company sold during a period is shown in its financial statements as and the cost of the goods that a company still has on hand at the end of the year is shown in the financial statements as _ CA) Cost of goods sold; inventory B. Goods on hand; inventory expense C. Inventory; cost of goods sold D. Sales revenue; cost of goods sold 12. Given the information in the table below, what is the company's gross prof Sales revenue $350,000 Sales discounts $20.000 $50,000 Sales returns Cost of goods sold S180,000 $280,000 Accounts receivable Ending inventory $230,000 A. $280,000 B. $170,000 C. $50,000 D. S100,000 13. The choice of inventory cost method (FIFO, LIFO, Weighted Average, or specific Identification) affects which of the following amounts? A. Ending inventory. B. Cost of goods sold. C. Gross profit. D. All of the above. 14. Davis Hardware Company uses a perpetual inventory system. Davis purchases inventory costing S620 and then sells the inventory to a customer for $960 on account. How should Davis record the sale of inventory 620 620 960 960 960 A. JInventory Cost of Goods Sold Sales Revenue Accounts Receivable B. Accounts Receivable Sales Revenue Cost of Goods Sold Inventory Inventory 960 620 620 620 C. 340 Gain 960 960 Sales Revenue D. Accounts Receivable Sales Revenues 620 340 Gain Rev. 12