shif Part II-B. Problem Solving Katerine Roeder Dr. Chol-5 PI(Ip). Merchandising Business: A credit sale of $1,000 is made on July 15, terms 2/10, net/30. On July 18, the buyer returned $100 inventory. What amount of cash the seller receives as payment in full on July 247 (5 P2(1p) Cash Bank Reconciliation: Mainland Spring, Inc. gathered the following reconciling information in preparing its October bank reconciliation:" Cash balance per books, 10/311 $12.600 Extra Information Deposits in transit 450 Notes receivable and interest collected by bank Bank charge for check printing 2,550 60 Outstanding checks 6,000 NSF check 510 The adjusted cash balance per books on October 31 is (S ) P32pts). Disposal of Plant Assets: In December 31, 2021, A1 Manufacturing Corporation has a plant equipment, Delivery Truck that originally cost $100,000 and has accumulated depreciation expense of $90,000. To replace an updated model, Al sold this old equipment at $30,000 cash. Journalize the retirement of the equipment. Your answers are not limited to those titles from the table below, but make a reference to. Accounts Receivable Notes Receivable Equipment Dec31, 2021 ( Accounts Payable Notes Payable Depreciation Expense Land Accumulated Depreciation Expense Allowance for Doubtful Accounts Common Stock Retained Earnings Service Revenue Explanation ( ( (To record sale of a PPE). Debit Credit ) ( ) ( ( P4(1pt). Dividend Allocation: MGM Corp. has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2025. No dividends were declared in 2022, 2023 or 2024. If MGM wants to pay $600,000 of dividends in 2025, what amount of dividends will common stockholders receive? ($