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28. Under the perpetual inventory system, a cash discount received will be recorded as A. Credit Purchase Discount B. Credit Merchandise Inventory C. Debit

28. Under the perpetual inventory system, a cash discount received will be recorded as A. Credit Purchase Discount B. Credit Merchandise Inventory C. Debit Accounts Payable D. Credit Accounts Receivable 29. A trade term that allows the buyer to claim ownership as well as risks associated with the shipment of the goods is A. B. C. D. free on board buyer premise point free on board port point free on board shipping point free on board destination point

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