QUESTION 2 Kyle purchased a skateboard from Skateboards R Kool Inc. The price of the skateboard was $60. When Kyle got to the register they collected $68.50. What journal entry would Skateboards R Kool Inc. make because of this transaction? Dr. Cash $68.50; Cr. Revenue $68.50 Dr. Revenue $68.50; Cr. Cash S60 and Cr Sales tax payable $8.50 Dr. Cash S60 and Dr. Sales tax expense S8.50; Cr. Revenue S60 and Cr. Sales tax payable $8.50 Dr. Cash S68.50; Cr. Revenue $60 and Cr. Sales tax payable $8.50 QUESTION 3 In what denomination are bonds typically issued? $10,000 $100,000 $1,000 $1,000,000 Rupees