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Question 41 (1 point) Which of these transactions requires a debit entry to Cash? O collected balance due from customers sold merchandise on account O
Question 41 (1 point) Which of these transactions requires a debit entry to Cash? O collected balance due from customers sold merchandise on account O paid balance due to suppliers O purchased supplies for cash Question 42 (1 point) Youngstown Construction plans to discontinue its roofing segment. Last year, this segment generated a contribution margin of $65,000 and incurred $70,000 in fixed costs. Discontinuing the segment will allow the company to avoid half of the fixed costs. What effect is expected to occur to the company's overall profit? O a decrease of $30,000 O an increase of $30,000 a decrease of $5,000 O a decrease of $5,000
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