6) Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year, the goods were on a truck owned by Theta, Inc., exactly halfway between Alpha and Omega. Which company should include these goods in its December 31 inventory? A) Theta B) Alpha C) Omega D) Alpha and Omega should each include half of the goods in inventory. I 7) Willetta Company purchases inventory for $10,000 with terms 3/10, n/30. It then returns $2,000 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $100. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? A) S237 B) $297 C) $240 D) $300 8) If merchandise costing $500 that was sold for cash at a price of $620 is returned by the customer, how would this transaction recorded when using a perpetual inventory system? A) Debit Inventory and credit Cost of Goods Sold for $620. B) Debit Cash and credit Sales Revenue for $620. C) Debit Sales Revenue and credit Cash for $620; debit Cost of Goods Sold and credit Inventory for $500. D) Debit Sales Revenue and credit Cash for $620; debit Inventory and credit Cost of Goods Sold for $500.