1- hich of the following will not require a journal entry to the company's books? Select one: a. Collection of Note Receivable. b. Deposits in Transit. c. NSF Check. d. Check Printing Charges.

2- A buyer of $7,000 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of: Select one: a. $140. b. $1,050. c. $70. d. $210.