$(21$ points$)$ Please circle the best answer to each question. Each is wortu

May $12,$ Reed $($he consignor$)$ shipped its books $($with merchandise cost of $$65,000)$ to Martin $($he cash and notified Reed of the sale and remitted the cashl.

How much revenue should Reed Publisher, Inc. $($the consignor$)$ recognize in May $2018?$

A$.$ $$10,000.$

B$.$ $$35,000.$

C$.$ $$100,000.$

D$.$ None above.

How much revenue should Martin Book Stores $($the consignee$)$ recognize in May $2018?$

A$.$ $$10,000.$

B$.$ $$35,000.$

C$.$ $$100,000.$

D$.$ None above.

A company performed and provided services, and its eustomer promised to pay in the future. For this company, this transaction would $q,$

A$.$ decrease its total assets.

B$.$ increase its total liabilities.

C$.$ increase its owners' equity.

D$.$ result in no changes to the company's owners' equity.

Farmers Co$.$ reported supply expense of $$2,300,000$ this year. Its supply decreased by $$130,000$ during the year to an ending balance of $$400,000.$ How much supply did Farmers Co$.$ purchase during the year?

A$.$ $$1,900,000.$

B$.$ $$2,170,000.$

C$.$ $$2,430,000.$

D$.$ $$2,700,000.$

A company had a normal balance of $$1,000$ in its interest payable on $\frac{1}{1}\frac{?}{2019}.$ In $2019,$ the company paid $$6,600$ cash for its interest. And at the end of $2019,$ the company still owed $$600$ interest to its lender. How much was the company's interest expense for $2019?$

A$.$ $$6,200.$

B$.$ $$6,600.$

C$.$ $$7,200.$

D$.$ $$8,200.$A company acquired equipment for $$100,000$ in $2017$ and determined to depreciate the equipment over a loyear life with zero residual value. The deprecision of the equipenent in $2017$ is an example of which of the following methods in matching expenses?

A$.$ Associatia

B$.$ Immed

A company began the year $2019$ with total assets of $$50,000$ and total liabilities of $$15,000.$ During $2019,$ the company issued additional $$5,000$ common stock and earmed net income of $$9,000.$ It was also known that the company had $$45,000$ in its total stockholders' equity on $\frac{12}{31}\frac{?}{2019}.$ How much dividends did the company declare during $20197$

A$.$ $$1,000.$

B$.$ $$4,000.$

C$.$ $$6,000.$

D$.$ None above,