32. A company offers credit terms of 3/15,n/45. A customer purchases $10,000 of merchandise on account on May 12 and pays the invoice in full on May 27 . The payment date journal entry will: a. Debit cash $10,000 b. Credit accounts receivable $9,700 c. Debit sales discounts $300 d. Credit sales discounts $200 33. On December 28,2021 , ABC Company had 40,000 shares of $6 par value common stock outstanding. ABC declared a 3-for-1 stock split on December 30, 2021. Which of the following statements correctly describes ABC's common stock after the split? a. ABC has 80,000 shares of $3 par value common stock outstanding. b. ABC has 120,000 shares of $3 par value common stock outstanding. c. ABC has 80,000 shares of $2 par value common stock outstanding. d. ABC has 120,000 shares of $2 par value common stock outstanding. 34. A company can increase its return on assets by: a. Increasing its profit margin b. Selling more goods and services without increasing its total assets c. Both a and b. d. Neither a nor b