2 & 3

2. Wholesalers offer trade discounts to a. small stores b. government agencies c. all business may get a trade discount d. none of the above 3. Physical inventory on hand has a balance of $18,500, Inventory records indicated a balance of $19,000. The entry to record an adjustment to inventory shrinkage include a. debit to Inventory b, debit Cost of Goods Sold c. debit to Sales d. None of the above