Alpha, Inc. sold inventory with a cost of $$4,000$ for a sales value of $$10,000$ plus $5\%$ sales tax with terms $\frac{3}{10},\frac{n}{30}$ and FOB destination to Gamma Company. The

shipping costs were $$200.$ Gamma Company returned inventory with a sales value of $$500$ plus sales tax of $5\%$ and cost of $$200$ to Alpha, Inc. because the

period. For Alpha, Inc. to record the remittance, the Sales Discounts will

period. For Alpha, Inc. to record the remittance, the Sales Discounts will receive a $1$ x $.$

Answers: A $-$ C

A credit

C debit