21.	A credit sale of $900 is made on July 15, terms 2/10, net/30, on which a return of $50 is granted on July 18. What amount is received as payment in full on July 24?
	A)	$900
	B)	$833
	C)	$850
	D)	$882

22.	Hunter Company purchased merchandise inventory with an invoice price of $6,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period?
	A)	$6,000
	B)	$5,880
	C)	$5,400
	D)	$5,520

23.	The entry to record a sale of $600 with terms of 2/10, n/30 will include a
	A)	debit to Sales Discounts for $12.
	B)	debit to Sales for $588.
	C)	credit to Accounts Receivable for $600.
	D)	credit to Sales for $600.

24.	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 $48,270.

25.	In a small business, the lack of certain separations of duties can best be overcome by
	A)	bonding the employees.
	B)	getting the owner actively involved.
	C)	hiring only honest employees.
	D)	holding one person responsible for a given set of transactions.