QUESTION 23 Maryann Compary reported the following balances Invoice Cost of Purchases Purchzza Roturrs and Alawanoas Purchase Discounts Received Transpartation Cost Freight-in $4,000,000 00.030 100.000 240.000 What is tha company's nat cost af prchasas? A. S5,040,000 . s3.200,000 C.s3,440,000 D. $2.980,000 QUESTION 24 Mawin Company began operationsonJanuary 1, 2016, with an invastment of $124,00O by aach of ts two stockholders, or a total of $248,cOD. Net income for its fist yaar of busnass was $436,0. During the year, tha company pa d dvidands of $60,000 each to hs two stockholders. How much is the company's ending Stockholders' Equity on Decembar 31, 2016? A. S498,000 OB.S584,0o0 . S432,000 QUESTION 25 On August 1, Camire Brothers bought goods with a list price of $8,600, tems 210, n30. The firm records purchases at invoice price, using the perlodic inventory system. On August 5, Camine Brothers returned goods with a list price of $1,200 for credit If Camire Brothers paid the supplier the amount due on August , the appropriate entry would be OA Accounts Payabila 8,400 Purchases Discounts 163 8,232 B. Accounts Paysble Cash 8,400 8,400 C. Accounts Payable 9,600 Purchases Diecounts 192 9,408 OD. Accounts Payable 8,232 Cash 8,232