Question 33 2 pts A loss on the sale of equipment would be recorded as which of the following and then disclosed on which financial statement? Recorded as a debit in a journal entry then disclosed on the balance sheet Recorded as a credit in a journal entry then disclosed on the balance sheet Recorded as a debit in a journal entry then disclosed on the income statement Recorded as a credit in a journal entry then disclosed on the income statement Question 35 2 A building with an appraised value of $137,000 is purchased for $140,000. Closing costs total $12,000 and legal and recording fees total $3,500. How much is the total cost of the building? O $152,000 $140,000 O $155,500 $137,000 Question 36 137 000 Question 36 2 pts A company factored $35,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include: Debit to Cash of $35,000 and a credit to Accounts Receivable of $35,000 O Debit to Cash of $34,300, a debit to Factoring Fee Expense of $700, and credit to Accounts Receivable of $35,000 Debit to Cash of $35,000, a debit to Factoring Fee Expense of $700, and credit to Accounts Receivable of $35,700 Debit to Cash of $35,000 and a credit to Notes Payable of $35,000 2 pts Question 37 recorded when a sale to a customer is complete. Question 37 2 pts A 90-day, 10% note for $12,000, dated April 1, is recorded when a sale to a customer is complete. The principal amount of the note receivable is KD $12,000 $19,200 $10,800 $1,200 20 Question 38 dit ih chased for $60,000 on January 1, 2018. It was estimated that it would