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Please give the letter of the correct answer only! no explanation needed! thanks Question 21 1 point Previous Next A sole proprietorship has earned revenues
Please give the letter of the correct answer only! no explanation needed! thanks Question 21 1 point Previous Next A sole proprietorship has earned revenues of $4,500. Expenses for the month equal $2,000. The owner withdrew $500 for personal expenses. The beginning balance in the Capital account was $10,000. After closing the balances in the Capital and Drawings accounts are: O A. $12,000; SO B. $12,500; $500 c. $10,000; $3,000 OD. $13,000; $0 Question 22 1 point Previous Next Tony's Landscaping Service borrowed $5,000 from a bank by signing a 12%, one-year note on October 1, 2000. Interest is accrued on December 31, 2000, by: O A. Crediting Interest Expense; debiting Cash B. Debiting interest Expense; crediting Interest Payable O C. Debiting Interest Expense; crediting Notes Payable OD. Debiting Interest Expense; crediting Cash Question 23 1 point Previous Next Lea Computer Services, a Sole Proprietorship, purchased new Computer Equipment for $52,000 on January 1, 2021. Les assigned it a four-year life and a $6,000 salvage value. Book Value at the end of 2021 is: O A. $46,500 B. $40,500 O c. $34,500 OD. $34,000 Previous Next Question 24 1 point Mario Computer Services, a Sole Proprietorship, purchased new Computer Equipment for $52,000 on January 1, 2021. Mario assigned it a four-year life and a $6,000 salvage value. Depreciation Expense for 2003 and Accumulated Depreciation at the end of 2023 are: O A. Depreciation Expense: $11,500; Accumulated Depreciation: $11,500 B. Depreciation Expense: $23,000; Accumulated Depreciation: $23,000 O c. Depreciation Expense: $11,500; Accumulated Depreciation: $34,500 OD. Depreciation Expense: $23,000; Accumulated Depreciation: $34,500 Question 25 1 point Previous Next A company pays its employees every Friday. The amount paid every week is $120 per day. September 30, 2000, is a Tuesday. The amount of salary accrued on September 30, 2000, is: OA. $0 OB. $240 O c. $360 OD. $600
Please give the letter of the correct answer only! no explanation needed! thanks
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