DE6-12 Answer the following questions about the November transactions of Austin Sound Center. You will need to refer to Exhibits 6-10 through 6-13, which begin on page 236. 1. How did Austin Sound purchase furniture-for cash or on account? Indicate the basis for your answer. 2. From whom did Austin Sound purchase supplies on account? How much in total does Austin Sound owe this company on November 30? Can Austin Sound take a discount when Austin Sound pays? Why or why not? 3. How much cash does Austin Sound have on hand at November 30? How much inven- tory does Austin Sound have after all transactions are recorded. including the cash receipts journal (Exhibit 6-11. page 239)? Indicate which exhibit provides each answer. 4. Determine Austin Sound's gross sales revenue and net sales revenue for November. Indicate which ledger provides the data for your answer. 5. Did Austin Sound's interest revenue for November result from a cash receipt or from an accrual of interest? How can you tell?