20 Merchandise is sold for $8,700, terms 2/10, n/30. Prior to payment, the customer returned $590 of the merchandise. If the invoice is paid within the discount period the amount of the sales discount is: Multiple Choice $185.80 $162.20 $174.00 $324.40 23 Valerie's Market uses a perpetual inventory system when recording its cash payments and cash receipts. The business sells $3,400 of goods to a charge account customer with terms of 2/10, n/30. If the customer pays within the discount period, the entry to record the receipt of cash from the customer would include: Multiple Choice a debit to Cash for $3,332 and a credit to Accounts Receivable for $3,332 a debit to Cash for $3,400 and a credit to Accounts Receivable for $3,400 a debit to Cash for $3,332; a debit to Sales Discounts for $68 and a credit to Accounts Receivable for $3,400 a debit to Cash for $3,332; a debit to Purchase Discounts for $68 and a credit to Accounts Receivable for $3,332 25 Valerie's Market uses a perpetual inventory system when recording its cash payments and cash receipts. The business sells $6,000 of goods to a charge account customer with terms of 2/10, n/30. If the customer pays within the discount period, the entry to record the receipt of cash from the customer would include: Multiple Choice a debit to Cash for $5,880 and a credit to Accounts Receivable for $5,880 a debit to Cash for $6,000 and a credit to Accounts Receivable for $6,000 a debit to Cash for $5,880, a debit to Sales Discounts for $120 and a credit to Accounts Receivable for $6,000 a debit to Cash for $5,880; a debit to Purchase Discounts for $120 and a credit to Accounts Receivable for $5,880