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estion 2 Moon Co. decides to establish a petty cash fund with a beginning balance of $360. At the end of the first month the accumulated receipts represent 500 for delivery expenses, $200 for merchandise inventory, and $55 for miscellaneous expenses. The fund has a balance of $20. The Journal entry to reimburse the fund will include O Credit to Petty Cash for $340 O Credit I to Cash Short and Over for $25 O Debit to Cash for $335 O Debit to Cash Short and Over for $5 Question 3 National supplies company had the following activity during the current monthly period. June 1 Beginning inventory 70 units at $10 June 5 Purchased 50 units at $40 June 16 Sold 120 units at $65 Using the Weighted average inventory costing method, what is the cost of goods sold for June? O $2,700 O $2,300 O $2,836 O $2,610 muestion 4 1 points Manama Company had cash sales of $80,000, credit sales of $70.000, sales returns and allowances of $2.000, and sales discounts of $4,000 Manama's net sales for this period equal $144,000 $80,000 $156,000 $152.000 Question 5 1 points Company XYZ made no adjusting entry for accrued service revenue of $5,000 on December 31. No cash has been received from the customer yet. The entry to record the adjusting entry should have been: O Debit Accounts Receivable, $5,000: credit Service Revenue, $5,000 O Debit Uneamed Revenue, $5,000; credit Service Revenue, $5,000 O Debit Service Revenue, $5,000, credit Accounts Receivable, $5,000 O Debit Service Revenue, $5,000, credit Cash, $5,000 Question 6 The O Specific Identification O Weighted Average O FIFO O LIFO method, identifies each item in ending inventory with a specific purchase and invoice