Question: Simple MCQ from Financial Accounting class. Please answer it ASAP!!! 88 145 Collapse formation applies to the questions displayed below Sancher Company in the following

Simple MCQ from Financial Accounting class. Please answer it ASAP!!!

Simple MCQ from Financial Accounting class. Please answer it ASAP!!! 88 145

Collapse formation applies to the questions displayed below Sancher Company in the

following transactions the Yearts 1) Started the besty 40.000 of common stock

88 145 Collapse formation applies to the questions displayed below Sancher Company in the following transactions the Yearts 1) Started the besty 40.000 of common stock for cash 2) The company paid cash to purchase of investory 3) The company sold inventory that cost $16.000 for $50,00 cash 4) Operating expenses incurred and padding the year. 514.000 Sanchez Company engaged in the following transactions during Year 2 1) The company paid cash to purchase $35.00 of inventory 2) The company story that for 5.000 cash 3) Operating expenses incurred and paid during the years.000 Note Sanchez uses the perpetual inwentary What is Sanches in for Year 29 $32.000 0 532.500 $24.200 QUESTION 46 Glen Company uses the perpetual inventory system. The company entered into the following events 1) Purchased merchandise inventory that cost 510,000 under terms of 2/10, 1/30 2) Made payment to the supplier within the discount period. 3) Sold all of the goods to customers on account for $22.000 What is Glen's cost of yoods sold as a result of these three transactions $21.800 $10.00 59.800 59.000 QUESTION 47 50.000 59.000 QUESTION 47 in the reconciation of the bank statement Shown on the bank reconciliation Subtracted from the unustad book and Added to the adjusted bank balance Added to the unadjusted book balance Subtracted from the unadjusted bank balance

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