Please answer ALL of the multiple choice questions.

Sinurfs & Toads Inc. purchased sio 000 short-term bonds with excess cash. The bonds pay interest at 3% The journal entry to record the purchase will include which of the following: A. Debit to Cash $10,000 B. Debit to Bond Investments $10,000 C. Credit to Bond Investments $10,000 D. Debit to Bond Investments $10,300 E. None of the above 8. Gourmet Donuts owns 800 shares of Coffee Express. Coffee Express, which has issued 100,000 shares of stock 9. declares a cash dividend of So. S0 per share to slockholders. Which journal entry correctly records the cash Credit A. Cash 400 Interest Revenue 400 Dividend Revenue 400 Cash 400 C. Cash 400 Dividend Revenue 400 D. Cash dividends 400 Cash 400 10. Cloud Company has a lawsuit pending from a customer claiming damages of $128,000. Cloud's attorney advises that the likelihood the customer will win is reasonably possible. How is this contingent liability A. B. C. D. It should be recorded as an asset and a liability based on estimated amounts It should be recorded as an expense and a liability based on estimated amounts. It should not be disclosed. It should be described in the footnotes. Rudy's Fitness Gym has Uneamed Revenue of $4,200, Salaries Payable of $43,000, and Allowance for Uncollectible Accounts of $4,600. What amount would Rudy's Gym report as total current liabilities? 11. A. $47,200 B. $43.000 C. $51,800 D. $47,600 12. At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $25,000. Which of the following will appear on the company's balance sheet at December 31? A. Nothing because you will pay the employees on Friday B. Current liability labeled Salaries and wages payable, of $20,000 C. Current liability labeled Salaries and wages payable, of S25,000 D. Expense labeled Salaries and wages payable, of $20,000 5. At the beginning of the year, Martin Mason Inc. purchased a customized truck for $68,000. The company expects the truck to remain useful for ten years and 150,000 miles, and to have a residual value of $12,000. Use the straight-line depreciation method. The journal entry to record the first year of depreciation will include which of the following A. Debit to depreciation expense S6,800 B. Debit to depreciation expense S5,600 C. Credit to depreciation expense $5,600 D. Credit to cash $68,000. E. None of the above 8 B&B Foods Inc. owns 75% of the voting stock of Jolly Jams. How will B&B record its investment? A. Fair value B. Amortized cost C. Net value D. Consolidation method 6