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10. The entry to record a sale using the perpetual inventory system would A. A/R include Sales Inventory xx Sales Inventory xx CGS C. Sales
10. The entry to record a sale using the perpetual inventory system would A. A/R include Sales Inventory xx Sales Inventory xx CGS C. Sales A/R CGS Inventory xx D. A/R Sales CGS Inventoryxx 11. With credit terms of 2/10 n/30, if an invoice for $2,000 was dated S/4 and paid 5/13, what is the amount Cash would be credited for? A. $40. B. $1,960 C. $1,980. D. $2,000. E. $2,040. 12. With credit terms of 2/10 n/30, if an invoice for $2,000 was dated 5/4 and paid 5/13, what is the amount Accounts Payable would be debited for? A. $40 B. S1,960 C. S 1,980. D. $2,000. E. $2,040. 13. With credit terms of 2/10 n/30, if an invoice for $2,000 was dated 5/4 and paid 5/15, what is the amount Cash would be credited for? A. $40. B. S1,960. C. $1,980. D. $2,000. E. S2,040. 14. With credit terms of 2/10 n/30, if an invoice for $2,000 was dated 5/4 and paid 5/15, what is the amount Accounts Payable would be debited for? A. S40 B. $1,960 C. $1,980 D. $2,000 E. $2,040
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