Question 39 The following data are available for Sheridan Corporation. Net income $204000 Depreciation expense 59100 Dividends paid 90900 Loss on sale of land 14600 Decrease in accounts receivable 29200 Decrease in accounts payable 45800 Net cash provided by operating activities is: $261100. $241100. $144900. $164900.

Question 39 The following data are available for Sheridan Corporation. Net income 5204000 Depreciation expense 59100 Dividends paid 90900 Loss on sale of land 14600 Decrease in accounts receivable 29200 Decrease in accounts payable 45800 Net cash provided by operating activities is: $261100 $241100. $144900. $164900. Question 40 Sebadoah is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Sebadoah purchased $1480 of supplies in January and his inventory at the end of January shows $350 of supplies remaining. What adjusting entry should Sebadoah make on January 31? 1130 1130 350 O Supplies Expense Supplies O Supplies Expense Supplies Supplies Expense Cash 350 1480 1480 o Supplies 350 Supplies Expense 350