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10 pts Question 9 Your Corporation's unadjusted book balance at September 30 is $700. The following information is available for the bank reconciliation. Deposits in transit, $300 Outstanding checks, $500 Bank service charges, $35 Bank collected an accounts receivable for Your Company, $400 NSF check written by one of Your Company's customers, $600. What is Your Company's true cash balance? $900. O $665. $465 $865. O $500 Question 10 10 pts Your Company reported net sales in June of $700,000. At the beginning of June, the company reported beginning inventory of $368,000. Cost of goods purchased during June amounted to $217,500. The company reported ending inventory at the end of June of $226,750. margin What was the company's gross profit margin for June? $341,250 O $332.000 $322,750 O $358,750 $482.500 Next Previous On May 1, Your Company sold merchandise in the amount of $15,500, with credit terms of 3/10,n/30. The cost of the items sold is $9,000. Your Company uses the perpetual inventory system. You received payment on May 18. Which journal entry records the May 18 transaction? Cash Revenue Accounts Receivable 15,035 465 15,500 Cash Sales discount Accounts Receivable 15,035 456 15,500 15,035 Cash Accounts Receivable 15,035 15,500 Cash Accounts Receivable 15,500 Cash Sales discount Accounts Receivable 8.730 270 9,000

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