3. Which of the following is recorded in the cash payments journal? a. adjusting entry for accrued salaries b. receipt of cash on supplies returned c. receipt of cash from services rendered d. payment of employees' salaries 4. When posting the column totals of a cash payments journal, a debit should be posted to a. Cash b. Accounts Payable c. Sales Discounts d. Unearned Revenue 5. Generally, the revenue account for a merchandising business is entitled a. Sales b. Net Sales c. Gross Sales d. Gross Profit $960 6,370 6. Using the following information, what is the amount of gross profit? Purchases $32,000 Purchases discounts Merchandise inventory 5,700 Merchandise inventory September 1 September 30 Sales returns and 910 Sales allowances Purchases returns and 1,200 Freight In allowances 63,000 1,040 a. 34,870 b. 31,880 c. 27,460 d. 62,090 7. Using the following information, what is the amount of merchandise available for sale? $32,000 5,700 $960 6,370 Purchases Merchandise inventory September 1 Sales returns and allowances Purchases returns and allowances Purchases discounts Merchandise inventory September 30 Sales 910 63,000 1,200 Freight In 1.040 a. b. c. d. 35,540 36,580 37,700 34,500