QUESTION 27 In August, the Big Ditch Brewing Company had sales of $54.000, beginning inventory of $5.000, ending inventory of $17,000 and Cost of Goods Sold of $10.000. How much inventory did the company purchase during Augus a $28,000 b. 543.000 c. $30,000 d. 522,000 QUESTION 28 During April O'Brian Corporation performs legal services for a dient for which the client had paid in advance. At the end of the month the adjusting journal entry Brian Corporation needs to record would have what effect on the basic accounting equation a labies would increase and stockholders' equity would increase bles would decrease and stockholders' equity would increase cabies would decrease and stockholders equity would decrease dabilities would increase and stockholders it would decrease QUESTION 29 Cottage Crafts Company uses the one of Accounts Receivable method for estimating uncollectible amounts. The following information was recorded in the shops general ledger at the end of January Narber of Days Unpaid 0.30 31.0 61.00 90 Accounts Receivable 1970 $790 14000 5850 Estimated Uncote 2 49 7 The red balance in the lowance for Doubtful Account credit balance of 1350. What is the amount of the ment needed to the account based on the Age of Account Recent method? credit of 526140 b. debit 559.50 debt of 51.036