practice final exam

QUESTION 2 On June 12, Carpenter Printing printed $18,342 in magazines for the Pierre Company. The magazines were delivered on June 15, along with an invoice for $6,305 due July 15. Per the contract negotiated by the Pierre Company with Carpenter Printing, $5,390 will be invoiced in July and will be due August 15; the remainder will be invoiced in August and will be due September 15 . On June 18, Cecil Advertising Agency signed a contract with Carpenter Printing to print advertisements, paying $22,386 in advance. $9,750 in advertisements are contracted to be printed in June and $33,916 in advertisements are contracted to be printed in July. On June 30, $13,760 of advertisements were printed and delivered to Cecil Advertising. On June 30, $3,372of the $16,116 in supplies remaining on May 31 have not been used. Based on these transactions alone, what are the Total Current Assets on the Balance Sheet on June 30? 10 points 1 saveAnswer QUESTION 3 On April 28, Carpenter Printing signed a 1 year rental contract for ofce space, beginning May 1, and paid $9,175 for 2 months' rent in advance. On April 29, Carpenter Printing signed a 1 year insurance contract for a comprehensive insurance policy with coverage beginning May 1. The full amount, $867, of the annual insurance policy is paid on April 29. On May 5, Carpenter Printing's application for credit with a printing supplies vendor was approved and Carpenter Printing purchased supplies on account for $21,286. On May 10, Carpenter Printing printed brochures in a massive advertising campaign for the new business, using $5,171 of the supplies. Based on these transactions alone, what are the Total Expenses on the Income Statement on May 31? 10 points l Save