Question Prog CR Click here to exit fullscreen mode. Part 5 of 22 Ouncions Question 5 of 22 2 Points Sungless Shades (SS) is a sunglass retailer with a year-end of 31 December. On 1 October 2020, SS had stock of 112 pairs of designer sunglasses on hand, with a cost of R560 each. SS uses the periodic inventory recording system and the First In First Out (FIFO cost allocation method. During the month of October 2020, the following transactions occurred 5 October 2020: SS purchased 2 pairs of designer sunglasses for R512 each. These sunglasses were purchased for cash. 22 October 2020: Sold 49 pairs of designer sunglasses for R990 each, on credit Whloh of the following Journal entries correctly reflect the transactions above? O A 6 October 2020 DR | Purchases 14 336 CR Bank 14 336 22 Otober 2020 DR Bank 48 510 Sales incomo 48 510 OB. 6 October 2020 DR Inventory 14 336 CR Bank 14 336 22 Ootobar 2020 DR Trade receivables 48 510 Sales income 48 510 - DR Cost of sales 26 960 CR Inventory 26 960 CR OC 5 October 2020 DR Purchases Bank 14 336 14336 CR 22 Ootober 2020 DR Trade receivables Sales income 48 510 48 510 CR O D. 5 October 2020 DR Purchases CR Bank 14 336 14 336 22 October 2020 DR Trade receivables Sales Income 48 510 48 510 CR DR Cost of sales CR Inventory 26 960 26 900 O E. 5 October 2020 DR Inventory CR Bank 14 336 14 336 22 Ootobar 2020 DR Trade recevables Sales income 48 510 48 510 CR Reset Selection Click here to exit full screen mode. Water Team (WT) is a company selling bottled water, with a year-end of 30 June. On 10 July 2019, WT purchased R2 570 worth of stationery from a retailer, on credit. The bookkeeper recorded the stationery as a stationery asset. On 30 June 2020, WT had R355 worth of stationery on hand. At 30 June 2020, which of the following options correctly reflects the stationery asset and stationery expense general ledger accounts, after adjusting entries have been processed? OA Stationery asset (A) 355 10/07/2019 Bank 2 570 30/06/2020 Stationery expense Stationery expense (P/L) 30/06/2020 Stationery asset 355 OB. Stationery asset (P/L) 10/07/2019 | Trade payables 2 570 30/06/2020 Stationery expense 355 Stationery expense (P/L) 30/06/2020 Stationery asset 355 C. Stationery asset (A) 2 570 30/06/2020 10/07/2019 | Bank 2 215 Stationery expense Stationery expense (P/L) 0/06/2020 Stationery asset 2 215 OD Stationery asset (A) 2 570 30/06/2020 10/07/2019 | Trade payables 2 215 Stationery expense Stationery expense (P/L) 30/06/2020 Stationery asset 2 215 Stationery asset (P/L) 2 570 30/06/2020 10/07/2019 Trade payables Stationery asset 2 215 Stationery expense (P/L) 2 215 30/06/2020 Stationery expense Reset Selection