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S. Chouse the best following 0) Which of the following is considered to bne an t answer for following questions Pointsy a Prepaid expenses b.

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S. Chouse the best following 0) Which of the following is considered to bne an t answer for following questions Pointsy a Prepaid expenses b. Accounts payable c. Unearned revenues d. Accrued revenues (2). Which of the following is considered to be a liability a Retained earnings b. Unearned revenues e. Accounts receivable d. Prepaid expenses 4. Apple, Inc. purchased $2,000 products on account from the supplier on September 1. The terms of the purchase are 2/15, n/30, FOB shipping point. On September 8, Apple returned $400 of these goods for credits. Please prepare journal entries for Apple's transactions (11 Points) (1) Record the purchase transaction on September 1. (2) Record $10 shipping fees under the terms. Suppose the carrier requires a cash payment

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