Question 1 Answer saved Points out of 1.00 Remove flag Which of the following is a temporary account category? Select one: o a. Expenses O b. Liabilities O C. Common stock d. Assets Question 9 Answer saved Points out of 1.00 Flag question Wonder Company sells a plant asset that originally cost $720,000 for $240,000 on December 31. The accumulated depreciation account had a balance of $360,000 after the current year's depreciation had been recorded. The company should recognize a: Select one: o a. $120,000 gain on disposal O b. $240,000 gain on disposal O C. $240,000 loss on disposal O d. $120,000 loss on disposal Question 10 Not yet answered Points out of 1.00 p Flag question When only one class of stock is issued by a corporation, it should be termed: Select one: O a. Preferred Stock O b. Treasury Stock o c. Common Stock O d. Unauthorized stock Question 11 Question 11 N ot yet answered Points out of 1.00 Flag question Not yet anon Novem Brothers Inc, issued a 120-day note in the amount of $180,000 on November 1, 2019 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2019? Select one: 0 a $3,000 O b.518 o C. $2,250 o d. $1,800 Question 12 Not yet answered Points out of 1.00 Flag question Bowser Company sold $1,200,000 worth of merchandise, had $100,000 returned, and then the balance was received during the 2% discount period. What were the company's net sales? Select one: O a $1,020,000 b. $ 900,000 C. $ 880,000 O d. 51,078,000 Question 13 Not yet answered Points out of 1.00 p Flag question In preparing its June 30, bank reconciliation, a company has available the following information: Balance per bank statement, June 30 $55,300 Deposit in transit, June 30 Return of customer's check not sufficient funds Outstanding checks as of June 30 Bank service charges for June 7,800 1,200 5,500 350 As of June 30, the company's adjusted cash balance is: Select one: O a. $44,200 b. 441,000 C. $44,400 O d. $57,600