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Question 28 3 pts Deceptive Veneers, Inc. reported the following on its financial statements at year-end 2020: Sales revenue $15,800 Accounts receivable $2,700 Allowance for
Question 28 3 pts Deceptive Veneers, Inc. reported the following on its financial statements at year-end 2020: Sales revenue $15,800 Accounts receivable $2,700 Allowance for uncollectible accounts $450 credit Bad debt expense $350 Cost of goods sold $9,460 What is the net realizable value of Deceptive Veneers accounts receivable at the end of 2020? O $3,150 O $2.250 $5.890 $5,540 Question 29 3 pts Hinkton, Inc's cash ledger reports a balance of $44.460 for the month ending June 30, 2019. However, the bank statement shows that Hinkton's balance is $41.440. Additional information from June's bank statement and company records reveals the following: Deposits outstanding (made by Hinkton but not shown on bank statement) $5,520 The bank deducted service fees from Hinkton's account. $330 NSF check (customer's check that Hinkton deposited did not clear the bank) $1.200 Checks outstanding (written by Hinkton but not shown on bank statement) $4,640 An automatic withdrawal for insurance was made on June 30 $700 The bank paid Hinkton interest. $90 What is Hinkton's reconciled cash balance as of June 30, 2019? $42.340 O $40,020 $42.320 O $40,320 > Question 30 3 pts Seamon's, Inc. uses the periodic LIFO method to account for its inventory. Seamon's, sold 5.250 units of inventory on August 25 During the month of August, it had the following transactions in its inventory account: Transaction Number of Units Unit Cost Total Cost August 1 Beginning inventory 400 $8.00 $3,200 August 10 Purchase 5,400 $8.30 $44,820 Total Inventory Available for Sale 5,800 $48.020 What amount would Seamon's record as Ending Inventory? $4,445 $43,575 $4,565 O $43,455 2nts
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