8: What is the cost of goods sold for a retail operation? Answer: A. B. C. O The difference between the wholesale and resale prices O The wholesale purchase price O The selling price D. O The price of any discounts provided Question 5: Javier offered 2% 10 Net 30 terms to a customer. To accept the discounted payment, Javier needs to: Answer: A. O Calculate the discount and enter it in the Discount field of the Pay Bills window. B. O Enter the payment in the Pay Bills window and then enter a credit memo for the discount amount. C. O In the Receive Payments window, click Discounts and Credits and confirm the amount and account. D. O Create a credit memo and apply it to the invoice for the discount amount