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

88 32 Collapse information applies to the questions displayed below) Sanchez Company engaged in the following transactions during Year 13 1) Started the business by issuing $42.000 of common stock for cash 2) The company paid cash to purchase 526.000 of inventory 3) The company sold inventory that cost $16.000 for 530,600 cash 4) Operating expenses incurred and paid during the year. $14.000 Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $35.00 of inventory 2) The company sold inventory that cost 532.800 for 557.000 cash 3) Operating expenses incurred and paid during the year. 510.000 Note: Sancher uses the perpetual inventory system What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 27 S31.300 526.00 56200 56.100 526,000 56,200 56.800 QUESTION 33 Exeter Company sold merchandise for $10.000 cash. The merchandise had cost the company 54.500. What is the effect of the sale on the hand Sheet Retained earnings increases by 55.500 Inventory decreases by 54500 Cash increases by 510.000 All of these answer choices are correct O cash increases by $10,000 All of these answer choices are correct QUESTION 34 While performing the monthly bank reconciliation on Company adjusted for a bank se charge of which of the body how the adjustment for the bank service charge affects the tractament Stk. Assets Liab Equity Stmt of Cash Rev Exp NA A NA - Net Inc. Flows NA NA NA NA (20) COROA 1207 NA NA NA NA 2016 1207 NA 120 (20) 200 (20) NA 1200 NA 20 Option Options Option Option D