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4, Accounts Receivable Cash t of Goods Sold 2.000 Merchandise Inventory2,000 Accounts Receivable Sales Revenue t of Goods Sold Merchandise Inventory 2, 2, 4) A company that uses the perpetual inventory system sold goods to a customer for cash for $4,200 The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction? Answer A) Cost of Goods Sold 4,200 Sales Revenue Cash 4,2 Sales Revenue 4,2 Cost of Goods Sold 1,000 Merchandise Inventory Accounts Receivable 4,200 Cash 4,200 Cost of Goods Sold 1,00 Merchandise Inventory 1,000 D) erchandise Inventory4 Sales Revenue 5. Under the last-in, first-out (LIFO) method, the cost of goods sold is b purchases. Tor F Answer 6-10 The following information is needed to reconcile the cash balance for Na Services. .A deposit of $5,800 is in transit. Outstanding checks total $1,500. The book balance is $6,800 at February 28, 2019. The bookkeeper recorded a $1,740 check as $17,400 in payment of the cur The bank balance at February 28, 2019 was $18,000. A deposit of $400 was credited by the bank for $4,000. A customer's check for $3 700 . Fn Based on this information, prepare a bank reconciliation for Natural Landscaping Services as of February 28, 2019. Bank Book

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