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Please answer the three questions, thanks Which of the following journal entries represents an increase in liabilities correctly? A) Rent Expense XXX Cash XXX The

image text in transcribedPlease answer the three questions, thanks

Which of the following journal entries represents an increase in liabilities" correctly? A) Rent Expense XXX Cash XXX The following end-of-year account balance information is from the accounting records of Tyler Company: B) Accounts Receivable xxx Cash 1,400 Revenue XXX C) Accounts Payable xxx Sales Revenue 22,000 Dividends 1,800 Retained Earnings (beginning) 2,300 Cash XXX D) Wages Expense Wages Payable Inventory 9,000 XXX Interest Expense 2.200 Cost of Goods Sold 16.000 OD Accounts Payable 3,000 Accounts Receivable 9,500 OA Prepaid Rent Expense 6,600 Which ONE of the following would appear in the closing entries for the year? O A CREDIT to COST OF GOODS SOLD for $16,000 Question 2 1 pts O A CREDIT to SALES REVENUE for $22.000 O O A CREDIT to PREPAID RENT EXPENSE for $6,600. A machine originally purchased by Scott Company for $50,000 on January 1 with a 20 year life and $10,000 residual value was sold at the end of year 13. The sale price for the machine was $28,000 O A CREDIT to CASH for $1,400 Which of the following journal entries would be a part of the sale of the machine? O A DEBIT to ACCOUNTS PAYABLE for $3,000. O A CREDIT to INVENTORY for $9.000. CREDIT to GAIN ON SALE for $4,000 O CREDIT to ACCUMULATED DEPRECIATION for $26,000 DEBIT to LOSS ON SALE for $4,000 CREDIT to CASH for $28.000

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