OOOO FULL SCREENe PRINTER VERSrON BACK NEXTH Multiple Choice Question 58 Crane Company on July 15 sells merchandise on account to Wilchorse Co. for $4800, terms 2/10, V30. On July 20 Wildhorse Co. returns merchandise worth $1800 to Crane Company. On July 24 payment is received from Wildhorse Co. for the balance due.. What is the amount of cash received? O $3000 $2904 $4800 $2940 Click if you would like to Show Work for this questien: Open Show Work Question Attempts: 0 of 2 used SAVE FOR LLATER SUBMIT ANSWER ALL 11-185-272) ment BAL SCREEN PINTER VERSON BACK NEXTH Multiple Cholce Question 63 Sheffield Clinic purchases land for $175100 cash. The clinic assumes $1700 in property taxes due on the land. The title and attormey fees totaied $1100. The dinic has the land graded for $2500 What amount does Sheffield Clinic record as the cost for the land? O $158200 O $157900 O $175100 O $180400 Open Show Work Click if you would like to Show Work for this question: SAVE FOR LATrE SUBMET ANSWER Question Attempts: 0 of 2 used rULL SCREEN PRINTER VERsioN BACK NEXT Multiple Cholce Question 96 Vick. Vickers has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The balance is paid at the conclusion of the consultation. How does Vickers account for the cash received at the end of the engagement? O No entry is required when the engagement is concluded Prepaid Service Fees Service Revenue Cash Uneaned Service Revenue Cash Service Revenue Click if you would like to Show Work for this questionI Open Show Work