TRANSACTOON ANALYSIS: Jensen Corp. is a biopharmaceutical company that develops and commercialzes products targeting the endocrinology. dermatology, and drug delivery markets. Transaction 1C - December 31. 2017: On December 31, 2017 the Accumulated Depreciation account had balance of \$12,000. On December 31 , 2017 Jensen Company sold the vacuum pump for $19,000 cash Give all joumal entries related to the disposal of the vacuum pump Q26. Indicate the account title to be credited by $30,000 A. Cash B. Equipment C. Gain on Asset Disposal D. Loss oan Asset Disposal E. Nothe QUESTION 27 TRANSACTON ANALYSIS: Jensen Corp. is a biopharmaceutical company that develops and commercaalizes products targeting the endocrinology, dermatology, and drug delivery markets Transaction 1C - December 31. 2017: On December 31, 2017 the Accumulated Depreciation account had balance of \$12, 000 . On December 31,2017 Jensen Company sold the vacuum pump for $19,000 cash Give all joumal entries felated to the disposal of the vacuum puimp Q27. Indicate the account titte to be credited by $1,000 A Cash B. Equipment C. Gain on Asset Dipposal 0. Loss ou Asset Duposal E None Q49. What assets should be amortized using the straight-line method? A. Intangible assets with definite life span. B. Intangible assets with indefinite life span. C. Natural resources. D. All of the above. Q10. Which of the following best describes accrued liabilities? A Long-term liabilities B. Current amounts owed to suppliers of inventory. c. Current liabilities to be recognized as revenue in a future period. D. Current amounts owed, but not paid, to creditors at the end of the accounting period