1. Nov. 5 You have made a sale on account for $60,000 to John Richards (terms 2/10, n30). The cost of goods sold related to this transaction was $15,000. The entry on Nov. 5th to record the sale portion of this transaction would be: (1 Point) Dr. Cash 60,000, Cr. Sales 60,000 Dr. A/R 60,000, Cr. Sales 60,000 Dr. A/R John Richards 60,000, Cr.Sales 60,000 Dr. A/R John Richards 60,000, Cr. Cash 60,000 2. Relating to the above transaction, the entry to record the cost of goods sold would be (1 Point) Dr. Inventory 15,000, Cr. COGS 15,000 Dr. COGS 15,000, Cr. Inventory 15,000 3. In order for the customer to enjoy the discount they will have to pay the invoice by: (1 Point) 00 Nov. 10th Nov. 11th Nov. 15th Nov 20th 4. John Richards pays on his account on time and takes advantage of the terms. The cash account in the seller's ledger would be: (1 Point) Cr. 58,800 Dr. 58,800 Cr. 39,200 Dr. 39,200 5. The Sales Discount account would be (1 Point) Dr. 1,200 Cr. 1,200 Dr. 800 Cr. 800