1. Which of the following accounts are used when recording the sales entry of a sale on credit?

Group of answer choices

merchandise inventory, cash

accounts receivable, merchandise inventory

accounts receivable, sales

sales, cost of goods sold

2.

Which two accounts are used to recognize shipping charges for a buyer, assuming the buyer purchases with cash and the terms are FOB Shipping Point?

Group of answer choices

merchandise inventory, accounts payable

delivery expense, cash

The buyer does not record anything for shipping since it is FOB Shipping Point.

merchandise inventory, cash