Answer choice for each question. Need help choosing right answer

Answers Scoring 1. Copies of a sales invoice are used to (A) order merchandise; (B) pay the customer; (C) record the sale; (D) pay the shipper; (E) buy merchandise from the wholesaler. 2. Which of the following correctly states the normal order of the wholesale transaction process? (A) Purchase order - Credit approval - Sales invoice; (B) Credit approval - Purchase order - Sales invoice; (C) Purchase order - Sales invoice - Credit approval; (D) Credit approval - Sales invoice - Purchase order; (E) Sales invoice - Purchase order - Credit approval. 3. Merchandise is sold on account for $100, and the sale is subject to a sales tax of $6. The terms of the sale are 2/10, n/45. The amount that should be debited to the accounts receivable account at the time of the sale would be (A) $0; (B) $6; (C) $98; (D) $100; (E) $106. 4. Credit card sales amount to $5,000, plus $250 sales tax. The credit card fee is 3%. What amount would be debited to the cash account? (A) $150; (B) $4,850; (C) $5,000; (D) $5,092.50; (E) none of these. 5. A credit memorandum for $42 (sales price of merchandise, $40; sales tax, $2) was issued to a customer for goods returned that had been purchased on account. To properly enter this transaction, Sales would be debited for (A) $2; (B) $40; (C) $42; (D) the amount of the original sale; (E) $0 because Sales should not be debited. 6. The sales returns and allowances account is a(n) (A) revenue account; (B) contra-revenue account; (C) expense account; (D) liability account; (E) contra-asset account. 7. A common approach of keeping a record of each customer's account Receivable uses a (A) sales journal; (B) subsidiary accounts receivable ledger; (C) controlling account; (D) general journal; (E) sales ticket. 8. A schedule of accounts receivable is prepared (A) to verify that the sum of the accounts receivable ledger balances equals the Accounts Receivable balance; (B) to report customer transactions for the month; (C) to report the completion of all collections for the month; (D) for all of these reasons; (E) for none of these reasons