TB MC Qu. 13-89 (Algo) Abbott Company purchased... Abbott Company purchased $8,200 of merchandise Inventory on account. Which of the following entries would be required to record this transaction? Multiple Choice Inventory Accounts Payable 8,300 8,300 Accounts Payable Inventory 8,300 8,300 Accounts Payable Purchases 8,300 8,300 Cost of Goods Sold Accounts Payable 8,300 8,300 TB MC Qu. 13-74 (Algo) The following is a trial balance of Barnhart... The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Cash Accounts Receivable Accounts Payable Common Stock Retained Earnings Service Revenue Operating Expenses Dividends Totals Debit Credit 13,800 3,900 3,450 7,900 4,630 8,750 6,400 630 24,730 24,730 What is the total amount of assets that will be reported on the balance sheet prepared as of December 31, Year 1? Multiple Choice $13.800. O $26.450 $17,700 $24.730