20. The collection of a $500 account beyond the 2 percent discount period would result in a A) credit to Cash for $500. B) debit to Cash for $490. C) debit to Sales Discounts for $10. D) Creditto Accounts Receivable for $500. 21. Goods totaling $5,000 purchased February 2 on terms of 2/10, n/30 and on which returns of $1,000 were made on February 10 would be subject to which of the following discounts if paid for on February 12? A) Nene B) $10 C) $80 D) $20 22. The entry to record a payment on a $1,500 account within the 2 percent discount period would include a A) debit to Accounts Payable for $1,470. B debit'to Cash for $1,500. c) credit to Accounts Payable for $1,500. D) credit to Purchases Discounts for $30. 23. The entry to record a purchase of $6,000 in merchandise, assuming terms of 2/10,n/30 and a periodit inventory system, would include a A) debit to Accounts Payable for $5,880. B) credit to Purchases for $6,000. C) credit to Accounts Payable for $6,000. D) debit to Purchases Discounts for $120. Dene 2