The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. A deposit of $5,800 is in transit. Outstanding checks total $1,500. The book balance is $6,000 at February 28, 2025. The bookkeeper recorded a $1,700 check as $17,000 in payment of the current month's rent. The bank balance at February 28, 2025 was $16,110. A deposit of $300 was credited by the bank for $3,000. * A customer's check for $3,500 was returned for nonsufficient funds. The bank service charge is $90. What was the adjusted book balance? O A. $17,710 B. $17,800 C. $16,200 D. $17,890 At the beginning of 2025, Statewide Delivery, Inc. has the following account balances: Accounts Receivable - $44,000 (debit balance) Allowance for Bad Debts - $7,000 (credit balance) Bad Debts Expense - $0 During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $790,000, and $16,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The ending balance of Accounts Receivable is A. $16.000 B. $48,000 C. $41,100 OD. $44,000 Assume that a Texas Burger restaurant has the following perpetual Inventory record for hamburger patties: (Click the icon to view the perpetual inventory record.) At July 31, the accountant for the restaurant determines that the current replacement cost of the ending merchandise inventory is $460. Maka any adjusting entry needed to apply the lower-of-cost-or-market rule. Merchandise inventory would be reported on the balance sheet at what value on July 31? Make any adjusting entry needed to apply the lower-of-cost-or-market rule. (Record debits first, then credits. Exclude explanations from journal entries For situations that do not require an entry, make sure to select "No entry required in the first cell in the "Accounts" column and leave all other cells blank.) Date Accounts Debit Credit Jul. 31 Data Table Date Cost of Goods Merchandise Purchases Sold Inventory on Hand $ 430 Jul. 9 Jul. 22 5 Merchandise inventory would be reported on the balance sheet at what value on July 317 In this case, Texas Burger's balance sheet would report the inventory as follows: Texas Burger Balance Sheet (Partial) Current Assets 250 180 510 Jul 31 330 Print Done At the beginning of 2025. stolewie Delivery, Inc. has the following account balance Account Revale - 141.000 (detit balance) Allowance for Bad Doble - $6.000 (creditbolante) Bad Dots Experie - $0 During the year, credit cales amounted to $340,000 Cash collected on credit sales amoured to $700,000, and $18,000 has been written of the end of the year the company adjusted for handles per using the percent of method and applied a rate based on post history of 2.54. The ending balance of Accounts Receivable in O A 563.000 B. $41.000 OC. 541.525 OD$18.000 The ending merchandise inventory for the current year is understated by $9,000. What effect will this error have on this year's and the following year's net income? OA The net income will be overstated by $9,000 this year and understated by $9,000 next year. B. The net income will be overstated by $9,000 this year and understated by $18,000 next year. C. The net income will be understated by $9,000 this year and overstated by $9,000 next year OD. The net income will be understated by $9,000 this year and overstated by $18,000 next year