Question 30 Question 33 SPECIAL JOURNALS: In which journal is the cash sale of merchandise inventory recorded? FINANCIAL STATEMENTS: Which financial statement shows that the total of all the assets equals the total of the liabilities and owner's equity? O A. Income Statement O B. Statement of Owner's Equity O C. Balance Sheet O D. Statement of Cash Flow O E. None of the above A. General O B. Cash Payments C. Purchases O-L13 di iswer D. Sales uestion 31 E. None of the above Question 35 JOURNAL ENTRIES: What is the journal entry to record the following transaction: The owner, Marcia Ramos withdrew 7000 from her business? O A. Dr. Cash 7,000; Cr. Marcia Ramos, Capital 7,000 B. Dr. Marcia Ramos, Capital 7,000; Cr. Cash 7,000 O C. Dr. Cash 7,000; Cr. Marcia Ramos, Withdrawals 7,000 O D. Dr. Marcia Ramos, Withdrawals 7,000; Cr. Cash 7,000 O E. None of the above BANK RECONCILIATION: What type of account is bank expense? A. Asset B. Liability uestion 32 C. Equity--Capital D. Equity--Revenue FINANCIAL STATEMENTS: Which financial statement shows why the balance in cash changed from the end of last year to the end of this year? O A. Income Statement O B. Statement of Owner's Equity O C. Balance Sheet D. Statement of Cash Flow O E. None of the above E. Equity-Expense TO Question 34 2 points Saved INVENTORY METHODS: Co. F has the following units of beginning inventory and purchases for the year: beginning inventory 100 units at $40 each, a 2/28 Purchase 200 units at $50 each and a 6/15 purchase of 200 units at $60 each and a 12/15 purchase of 100 units at $80 each. Using the FIFO method, if the ending inventory is 300 units, what is the cost of the ending inventory? A. 25,000 O B. 22,667 o C. 20,000 D. 16,000 E. None of the above