1. What special journal (revenue, purchases, cash receipts, or cash payments) records services provided on account? 2. What special journal (revenue, purchases, cash receipts, or cash payments) records credits to accounts receivable? 3. What special journal (revenue, purchases, cash receipts, or cash payments) records credits to accounts payable? 4. What is the normal balance in the merchandise inventory account, debit or credit? 5. What is the normal balance in the cost of merchandise sold account, debit or credit? 6. When a customer returns merchandise does the customer refunds payable account receive a debit or credit? 7. When a customer returns merchandise does the estimated returns inventory account receive a debit or credit? 8. If the credit terms are 2/10, how much should be recorded for a $ 100 sale where the discount was paid on time? 9. What is the weighted average cost of inventory? Quantity Cost Per Unit 2 Total Cost 4 8 6 6 36 10. Using first-in, first-out inventory method what is the cost of one unit of inventory sold on October 30? October 1", inventory 2 units at $ 3 each October 15", purchase 5 units at $ 4 each