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1111111111111111111111 8. Acredit sale of $600 is made on July 15, terms 1/10, netl30, on which a return of $100 is granted on July 18.

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8. Acredit sale of $600 is made on July 15, terms 1/10, netl30, on which a return of $100 is granted on July 18. What amount is received as payment in full on July 24? A) 5495 B) 5600 C) 5693 D) None of the above 9. Which of the following is not a liability? A) income tax payable. B) accounts payable. C) unearned revenue. D) Professional fees. 10. A classified balance sheet is used to; A) separate the components of assets and liabilities. B) Has revenues and expenses included. C) receive a loan. D) None of the above

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