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2 Baldwin Company had the following balances and transactions during 2019 Beginning Merchandise Inventory as of January 1, 2019 March 10 125 units at 582 Sold BO units June 10 Purchased 250 units at $86 October 30 Sold 205 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 the perpetual inventory system and the first in first-out inventory costing method are used? O A. $10.250 OB. $17,450 OC. $31.750 OD. $24,010 13. Which of the following items are reconciling items on the bark side of the reconciliation? O A. outstanding checks and correction of book error OB. deposit in transit and outstanding checks c. deposit in transit and NSF check OD. bank service charge and correction of book error 14. The bank statement reveals an EFT payment made to one of the company's suppliers that has not yet been recorded in the journal. How would this information be included on the bank reconciliation? O A. an addition on the bank side OB. an addition on the book side O c. a deduction on the book side OD. a deduction on the bank side 15. The journal entry to replenish a petty cash fund includes a debit to the Petty Cash account and a credit to the proper expense account(s). O O True False 16. A company has a petty cash fund amount of $400. When replenished, it has petty cash tickets of $33 for gas expense, $32 for postage expense, $13 for supplies expense, and $9 for miscellaneous expenses. Assume to cash balance is not over or short. In the journal entry, Cash would be credited for O A. $65 OB. $78 OC. $74 OD. $87

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