Question: plz do fast. ill upvote. The Adam Company uses the retail inventory method for measuring inventory. On January 12015 they had $ - 0 -



The Adam Company uses the retail inventory method for measuring inventory. On January 12015 they had $ - 0 - worth of inventory. During the year, they bought $100,000 of inventory at cost which was marked to $200,000 for retail. The end inventory on December 31 , 2015 was $30,000 at retail. Adam's COGS for 2015 was: Cannot be determined from the information. \begin{tabular}{|} $100,000 \\ $70,000 \\ $880,000 \\ $85,000 \end{tabular} Question 10 1 pts A firm had total cash receipts of $4.000 through sales including sales taxes (tax rate unknown) and recorded sales tax payable of $200. The taxrate must have been The Smith Daughters, Inc, collects all its revenues in advance of service. It started the year 2021 with uncamed revenue account balances of $700,000 During 2021, Smith collected $2.000,000 in advance from customers. After the adjusting entry for unearned revenue, the sales revenue increased from $8,000,000 to $10,500,000. The end balance of S mith daughters uncamed revenue was: $1.200.000 $2,700,000 $200000 All the numerical answers are wrong
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