11. Company A sells $500 of merchandise on account to Company B with credit terms of Te, a30 Ir Compary B remits a cheek taking advantage of the discount offered, what is the net amount of Company B's check? A) $350 B) $490 C) $450 D) $400 12. Ball Company sells merchandise on account for $2,000 to Eddy Company with credit terms of 2/10, n/30. Eddy Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the net amount of the check? A) $1,960 B) $1,968 C) S1,600 D) $1,568 13. If goods in transit are shipped FOB destination, who has legal title to the goods? A) B) C) The seller has legal title to the goods until they are delivered. The buyer has legal title to the goods until they are delivered. The transportation company has legal title to the goods while the goods are in transit. No one has legal title to the goods until they are delivered. D) 14. A company just starting business made the following four inventory purchases in June: June 1 June 10 June 15 150 units 200 units 200 units 150 units S 520 780 840 June 28 $2.800 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the Ending Inventory (EI) on June 30 is A) $715. B) $870. C) $1,930. D) $2,085