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18 Question 39 (2 points) A Cash Short and Over is a type of balance sheet allowance account. 21 True False 24 Question 40 (2
18 Question 39 (2 points) A Cash Short and Over is a type of balance sheet allowance account. 21 True False 24 Question 40 (2 points) You never have a Freight In account under the perpetual inventory method. 27 True False FO 3 Question 41 (2 points) If goods with a list price of $10,000 are purchased for a trade discount of 30% and 20%. In addition the customer gets a 2% discount if they pay within 20 days. The customer decides to pay in full in 15 days. They would pay $4900 to settle their account. 5 True False W 13 Question 38 (2 points) Jerry Lee writes a contract with Westlake hardware on December 20 to place goods in their stores 'on consignment'. Jerry ships the goods to the store via UPS and they arrive there on December 28, 2020. As of December 31, the goods are on the sales floor of the hardware store unsold. Who owns these items on December 31? Jerry Lee Westlake hardware UPS It is impossible to tell Question 37 (2 points) You sell goods to a customer FOB destination. The order took place December 28, 2020. The goods were placed on the UPS truck on December 30. They arrived at the customer's place of business on January 3. The customer paid January 10. Title passed on what date? December 28 December 30 January 3 January 10
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