A purchase of merchandise on account is O a. posted in the purchases journal. O b. posted to the Accounts Payable account in the general ledger and the accounts payable subsidiary ledger. O c. is not posted until received. O d. None of these choices are correct. Mercury Cochu phase goods from Venus Caser) with a gross price of $4,500. Moont offers Sun a 10% trade discount with terms of 2/15, 45. Assuming that Mercury does not with the discount period, what will be the net amount of the purchase? O $3.969 OS 54,050 $4.500 Od one of these choices are correct Cash payments are entered into an account payable ledger as O a. debits. O b. Not posted to the accounts payable ledger. O c. credits. O d. None of these choices are correct. Sun Co. (buver) purchases goods from Moon Co. (sellee) with a gross price of $1,000. Moon offers Sun a 15% trade discount with terms of 3/15, 1:45. Assuming that Sun pays within the discount period, what will be the net amount of the purchase? O.. $850. OD 5824.50 Oc$970 Od. None of these choices are correct. What type of account is Purchases Discounts Lost? O a. is a temporary contra-revenue account. O b. It is an asset account. Oc. It is a temporary owner's equity account. Od. It is a liability account