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Q 1 2 accompany purchased $ 3 5 0 0 worth of merchandise transportation cost for the buyer additional $ 3 1 0 . The

Q12 accompany purchased $3500 worth of merchandise transportation cost for the buyer additional $310. The company returned $240 worth of merchandise and then paid the invoice with the 2% cash discount. The total cost of this merchandise is.
1.3500.
2. $3332.
3. $3504.80.
4.3430
5.3570
Q15
bedrock company reported December 31 and ending in inventory balance of $414,000. The following additional information is also.
the ending inventory balance of $414,000 included 72,400 of consigned inventory for which bedrock was a consigner.
the ending inventory balance of 414,000 incorrectly included 22,800 of office supplies that were stored in the warehouse and were to be used by the company, supervisors and managers during the coming year
based on this information, the correct balance for ending inventory on December 31 is:
1.391,200
2.342200
3.319400
4309000
5414000
Q16 which of the following events would cause a bank to reduce a depositors account?
1. The bank corrects an error from the previous month by adding $75 to the deposit account.
2. The bank collects a note receivable in related interest on the depositors behalf.
3.The deposit orders new checks to the bank at a cost of $50.
4. The bank pay is interested a deposit on the account balance.
5. there are deposits in transit on the account at month end.
Q18 during the month of July, Clanton industries issued a check in the amount of $845 to supplier on account. The check did not clear the bank during July and prepare the July 31 bank reconciliation the company should:
1 make a journal entry in the company records for an error.
2. deduct the check amount from the bank balance.
3. deduct the check amount from the book balance of cash.
4. Add the check amount to the book balance
5.add the check amount to the bank balance.

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