Will rate on multiple accounts if all 3 are answered

MU Question 16) Guardian Corp. sells $6,250 of goods on account in the current year and collects $3,250 of this. It incurs $4,200 in expenses on account during the current year and pays $2,600 of them. Guardian would report what amount of net income under the cash and accrual bases of accounting, respectively? Ob. $3,250 on the cash basis and $4,200 on the accrual basis O e. none of the options a. $2,050 on the cash basis and $3,000 on the accrual basis d. $650 on the cash basis and $2,050 on the accrual basis Oc. $3,000 on the cash basis and $1,600 on the accrual basis November 1: SALL paid three months' rent in advance to SANE Ltd covering the period from November 1, 2019 to January 31, 2020: $24,000. December 20: $28,000 of service was provided to ZACK Ltd on account, but SALL has not yet billed ZACK and as a result no record has been made in SALL's books. December 31: The gas bill for the month of December was received on January 16: $1,650 In the books of SALL, the adjusting entry required on December 31 for the transaction on December 20 would include: c. a debit to prepaid expense for $28,000. b. a debit to accounts receivable for $28,000. d. a debit to cash for $28,000. O a. a credit to deferred revenue for $28,000. e. a credit to accounts payable for $28,000. Question 25) On August 5, Michaels Ltd. sells goods for $1,500 on account and the cost to Michaels was $800. Michaels expects a return rate of 5%. On August 12, goods with a selling price of $400 and a cost of $215 are returned for credit and restored to inventory. The journal entry to record the return of goods on August 12 would include: a. credit to Estimated Inventory Returns for $215. O c. debit to Refund Liability for $40. d. debit to Accounts Receivable for $1,500. b. credit to cost of goods sold for $215. e. debit to Refund Liability for $75