QUESTION 11 Bahrain Manufacturing provided the following information for last month: Sales $20,000;Variable costs $6,000, Fixed costs 59,000, Operating income $5,000. if sales double next month, what is the expected operating income? $10,000 $25,000 $19.000 $12,000 Amwaj company has a bank loan and has incurred (but not recorded) interest on this loan of $3.700 for the year ended December it. Am Company will pay the interest 5 days after the year end, on January 5. Choose the correct adjusting entry on December 31, by Amal Company for this action? Debit interest receivable $2,700; Credit: interest revenue $3,700 OR Debit: Interest expense $3,700; Credit: Interest payable 53.700 . Debit: interest expense $8,700; Credit: cash $1,700 OD Debit: Cash $3,700; Credit Interest revenue $1,700