1001: (3 x 2 marks - 6 marks) Q1 - On June 30, 2021, Rayan Construction Company sells office furniture for $16,000 cash. The office furniture originally cost $75,000. As of January 1, 2021, it had accumulated depreciation of $45,500. Depreciation for the first six months of 2021 is $9,500. Required: (a). Prepare the journal entry to record depreciation expense up to the date of sale. (0.5 mark) (b). Prepare the journal entry to record the Sales. (1.5 marks) Q2 - Saad Company has the following obligations at December 31: (a). A note payable for $10,000 due in 18 months (b). Uneamed revenue of $12,500; (e). Interest payable of $15,000; (d). Accounts payable of $60,000; (e). Note payable due in three months. Required: For each obligation, indicate whether it should be classified as a current liability. (Assume an operating cycle of less than one year.) Q3 - Consider the following situations pertaining to cash sales: (1). Shamsa Company rings up sales and sales taxes separately on its cash register. On March 11, the register totals are sales $30,000 and sales taxes $2,000 e to search O