13. Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's merchandise inventory: a. increased by $48,020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,290. 14. The journal entry to record a credit sale is a. Dr. Cash Cr. Sales b. Dr. Cash Cr. Service Revenue c. Dr. Accounts Receivable Cr. Service Revenue d. Dr. Accounts Receivable Cr. Sales 15. The operating cycle of a merchandiser is a. always one year in length. b. generally longer than it is for a service company. c. about the same as for a service company. d. generally shorter than it is for a service company