6))Hello brother, please help me. Answer all the questions. I do not have many chance. I will not forget your favor. Please write question number and answer code.

intermediate Accounting1

Question 26 Not yet answered Marked out of 1 Flag question What is the effect to equity when the company collected an accounts receivable? O a. Neither increase or . decrease O b. Either increase or decrease O C. Decrease O d. Increase . Question 27 Not yet answered Marked out of 1 P Flag question XYZ Company in 2020 reported inventory ending of OMR 20,000. Net purchases amounted to OMR 25,000. Gross Profit amounted to OMR 12,000. Cost of sales rate is 40%. How much is the beginning inventory? O a. 20,000 O b. 5,000 O c. None of these O d. 3,000 Time left 2:56:35 Question 28 Not yet answered Marked out of 1 P Flag question ABC Company has an Accounts Receivable of OMR 1,000 from Ahmed, a Pakistani, who left his company in Oman and has no plans of coming back. How should ABC account for the OMR 1,000 receivable? O a ABC should still include the OMR 1,000 as part of its Accounts Receivable account and wait for Ahmed to come back to Oman b. None of these OC. ABC should write it off by debiting Allowance for bad debts OMR 1,000 and crediting Accounts Receivable of OMR 1,000 o d. ABC should increase its allowance for bad debts by debiting Bad Debt expense of OMR 1,000 and crediting Allowance for bad debts of OMR 1,000. Time left 2:56:32 Question 29 Not yet answered Marked out of 1 P Flag question XYZ Company has reconciled balance of cash per book of OMR 20,000 on January 31, 2020. Deposit in transit amounts to OMR 2,000 and bank service charge amounts to OMR 300. Outstanding Check amounts to OMR 1,000. Collection of notes receivable by bank amounts to OMR 500 and interest income credited by bank is OMR 300. How much is the unadjusted balance of cash per bank? O a. 19,000 OMR ob. 19,200 OMR OC. None of these O d. 21,000 OMR Question 30 Not yet answered Marked out of 1 Flag question These are reductions in the selling price for goods sold to customers, perhaps due to damaged goods that the customer is willing to keep if the sales price is reduced sufficiently. a. Sales returns and allowances O b. Trade discounts O C. None of these O d. Sales discounts