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Question 28 A company purchased inventory as follows: 184 units at $5.50 - 276 units at $6.10 The average unit cost for inventory is O $5.50 $5.80. O $6.10. $5.86. CALCULATO Question 30 The following information was taken from Splish Brothers Inc. cash budget for the month of June Beginning cash balance Cash receipts Cash disbursements $216000 208800 244800 If the company has a policy of maintaining an end-of-the-month cash balance of $180000, the amount the company would have to borrow is O $79200 O $36000. O $0 O $108000 Question 36 An analysis and aging of the accounts receivable of Kingbird, Inc. at December 31 reveal these data: Accounts receivable $ 3290000 Allowance for doubtful accounts per books before adjustment (credit) 390000 Total estimated uncollectible accounts at December 31 459000 What is the cash realizable value of the accounts receivable at December 31 after adjustment? $3290000 O $2831000 O $2441000 O $2900000 CALCULATOR FULL SCREEN PRINTER VERSIO Question 37 A truck costing $88000 and on which $73000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a O loss of $15000. O credit to Accumulated Depreciation for $73000. O credit to Accumulated Depreciation for $88000. O gain of $15000. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 39 On October 1, 2017, Oriole Company places a new asset into service. The cost of the asset is $97000 with an estimated 5-year life and $25000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Oriole Company uses the straight-line method of depreciation? O $4850. O $19400. $3600. $9700 & Practice Assignment Gradebook ORION FINANCIAL & MA Downloadable eTextbook Assignment art Time: 02:42 PM / Remaining: 126 min. RCES Question 40 CALCULATOR FULL SCREEN PRINTERV Grouper Corp. issues 860, 10-year, 8%, $1000 bonds dated January 1, 2017, at 95. The journal entry to record the issuance will show a o debit to Cash for $817000. credit to Discount on Bonds Payable for $43000. O debit to Cash of $860000. credit to Bonds Payable for $817000. Question Attempts: 0 of 1 used SAVE FOR LA vacy Policy I 2000-2020. John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. 90 00 . 7 I HAO XW O EQ - Q29OO BE MacBook Pro Question 41 CALCULATO Martinez Corp. issues 4800, 10-year, 8%, $1000 bonds January 1, 2017, at 97. The journal entry to record the issuance will show a O debit to Discount on Bonds Payable for $144000. O credit to Cash for $4656000. o credit to Bonds Payable for $4656000. O debit to Cash of $4800000