The inventory assumption methods and ending inventory values are presented in the balance sheets of three companies as below: Company A $1,500 First-in-first-out (FIFO) Company B $500 Last-in-first-out (LIFO) Company c $1.000 Average cost If Sales revenue is $10,000 and Cost of goods available for sale (COGAFS) is $6,000, what would be the Gross income for these three companies? A) Company A S4,500. Company B $5.500, and Company C $5.000. B) Company A 55,500. Company B $4.500, and Company CS5.000. C) Company A $5,000, Company B $4.500, and Company S5,500 D) Company A 55,000, Company B $5,500, and Company C $4,500, E) Company A $4.500. Company B 55.500, and Company C $5,500 A company makes a credit sale of $1,000 on June 13 according to the payment terms 5/10,n/30. On June 16, there is a return of $100. The buyer makes the payment for the remaining amount by utilizing the discount What should be the amount to be paid? $810 OA) CO B) $900 O C) 5600 D) $950 E) $855 An analysis and aging of the accounts receivable of Company X at December 31 reveal these data: Accounts Receivable $800,000. Balance of Allowance for Doubtful Accounts before adjustment (credit) 50,000 Amounts estimated to become uncollectible 65,000 from Accounts Receivable in the future What is the cash realizable value of the Accounts Receivable at December 31, after adjustment? A) $685,000 B) $735,000 OC) $800,000 OD) $750,000 E) $838,000 Company XYZ sells merchandise on April 1 for $1.500 to its clients on the terms of "5/10, 1/60". The buyer pays the necessary amount on April 10. Which one of the following is the journal entry of the seller to record the payment? A) Cash $1,500 Sales Discount $75 Sales Returns & Allowances $1425 Accounts Payable $1.500 Sales Discount $75 Accounts Receivable $1,425 C) Cash $1.500 Sales Discount $75 Accounts Receivable 51,425