What is cost of goods sold given the five transactions below? (Beginning balance inventory = 7,000). Your Company purchased $50,000 of inventory on account, terms 1/10,n30. Your Company purchased inventory under FOB shipping point. Shipping cost $750. Your Company returned $10,000 of the inventory before paying its bill. Your Company paid the amount owed in the first transaction on day 8. Your company sold all of its inventory on account, terms 2/10,n30. . 540,350 547,350 $47,750 $39,600 Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issued at 96 and had a 3.2% stated rate of interest that is payable on December 31st of each year. What is the carrying value of the bond after the third interest payment is made? $ 1,036,000 $1,034,000 $ 965,000 $1,000,000 $ 966,000 When there were 500,000 authorized shares of $12 par value common stock, 50,000 shares issued, and 45,000 shares outstanding, and the market price was $14 per share, Your Company issued a 15% stock dividend. What was the entry to retained earnings when this transaction is recorded? 5105,000 debit $105,000 credit $ 90,000 debit $ 94,500 debit $ 94,500 credit