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Sanchez Company engaged in the following transactions during Yeart 1) Started the business by issuing $12,500 of common stock for cash. 2) The company paid

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Sanchez Company engaged in the following transactions during Yeart 1) Started the business by issuing $12,500 of common stock for cash. 2) The company paid cash to purchase $7,600 of inventory. 3) The company sold inventory that cost $5,000 for $10,150 cash. 4) Operating expenses incurred and paid during the year. $4,500, Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $10,800 of inventory. 2) The company sold inventory that cost $9.200 for $16,750 cash 3) Operating expenses incurred and paid during the year. $5,500. Note: Sanchez uses the perpetual inventory system. wat is the amount of inventory that will be shown on the balance sheet at December 31, Year 2? Multiple Choice $1,600 $19,600 O $9.200 O S4.200 Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $12,500 of common stock for cash. 2) The company paid cash to purchase $7,600 of inventory 3) The company sold inventory that cost $5,000 for $10,150 cash. 4) Operating expenses incurred and paid during the year. $4,500. Sanchez Company engaged in the following transactions during Year 2 1) The company paid cash to purchase $10,800 of inventory 2) The company sold inventory that cost $9.200 for $16,750 cash. 3) Operating expenses incurred and paid during the year. $5.500. Note: Sanchez uses the perpetual inventory system. Chat is the amount of retained earnings that will be shown on the balance sheet at December 31. Year 2? Multiple Choice $12.200 $2700 $7,500 $2.050 Valgas. Company uses the perpetuat inverny system and we Fro cost towerod Dang pecam yearVurdes pourses sin internet comes to each At a reer om mee tereny purchased on con 1.300 of invertory Seach, Veres Soi 1000 or mor for 514 Wro com os cold met een Choice $0.00 Banara Company uses the per inventory synem. The company puchateo 55.900 of merchando from Andet Comen were 30. eta Belud paid for me recente de $340 freight to obtain the goods and terme FOB thicone point. All of the methodet purchased as old for $7.000 Veto ou megin het rested to see 1500 At the end of the Year 2 accounting. Devoung Company determined that the mare value of lettory was $29300 The historical conter this inventory was 100 Defazio este perseverary Asuming the matelow wit the entry necessary to reduce the correct me elements of the company financial statements nou www.com

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