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1)The following information applies to the questions displayed below

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1)The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 85,000 59,500 25,500 20,400 $ 5,100 5. If sales decline to 900 units, what would be the net operating income? 

2)he purchase of supplies on account should result in a debit to Supplies Expense and a credit to Cash. a debit to Supplies Expense and a credit to Accounts Payable. a debit to Supplies and a credit to Accounts Payable. a debit to Supplies and a credit to Accounts Receivable.