John and Jane have four kids – three boys and a girl – who each like one of the foods – pizza, celery, pasta, hamburgers – and one of the sports – bowling, hockey, basketball, tennis.

The oldest child likes hockey.

The youngest child likes celery.

Tony likes tennis.

Claudia has an older brother who likes basketball.

The one who likes pizza isn't the oldest.

The one who likes pasta likes bowling.

Sam likes hamburgers.

Based on the above facts, Max is __.

-ABC Corp always invoice us the first week following the month that the services have been provided.

-ABC Corp invoices are dated the same day it was sent.

-We always pay ABC Corp 2 weeks after receiving their invoice.

-We have not recorded any other transactions for this service, other than recording the invoices received and payment of the invoice.

-Invoices and payments are recorded in our system based on the invoice date and payment date.

Consider the following possible statements regarding what was recorded by our Company for the year ending December 31, 2024.

1. Total expense recorded for the year is $60,000.

2. Total Liabilities recorded at the end of the year would be $0.

3. Total Liabilities recorded at the end of the year would be $5,000.

4. Total Liabilities recorded at the end of the year would be $10,000.

5. Accrued liabilities GL account recorded at the end of the year would be $5,000.

6. Accrued liabilities GL account recorded at the end of the year would be $0.

7. Accounts payable GL account recorded at the end of the year would be $0.

8. Accounts payable GL account recorded at the end of the year would be $5,000.

9. Expense total in the prior year was recorded incorrectly.

10. Total expense recorded for the year is $65,000.