Brief explanation please

Question 1 (2 points) Merchandise is: O A) the same as inventory. OB) an asset. O C) the same as supplies. U D) Both the same as inventory and an asset are correct. Question 8 (2 points) A discount on merchandise purchased would be a: O A) debit to Merchandise Inventory, and a credit to Accounts Payable. O B) debit to Merchandise Inventory, and a credit to Accounts Receivable. O C) debit to Accounts Payable, and a credit to Merchandise Inventory. OD) debit to Accounts Receivable, and a credit to Merchandise Inventory. Question 16 (2 points) Net Income equals: O A) Net Sales - Cost of Goods Sold - Operating Expenses. O B) Gross Profit - Operating Expenses. o c Sales - Sales Returns & Allowances - Sales Discounts - Cost of Goods Sold - Operating Expenses. O D) All of these are correct. Question 17 (2 points) Beginning inventory was $3,600, purchases totaled $20,200 and and Cost of Goods Sold was $17,200. What is the ending inventory? Assume gross profit is $0. O A) $3,000 O B) $6,600 OC) $600 OD) $13,600 Question 20 (2 points) On November 1, Call Center received $4,800 for two years' rent in advance from Garrett Company. The November 30 adjusting entry that Call Center should make is to: O A) debit Unearned Rent; credit Rental Income $200. B) debit Unearned Rent; credit Rent Expense $200. 0 C) debit Rental Income; credit Unearned Rent $4,800. O D) debit Cash; credit Rental Income $4,800. Question 22 (2 points) Johnson Supplies has $530,000 in net sales and $300,000 in gross profit. Cost of Goods Sold equals: O A) $830,000. OB) $300,000. OC) $230,000. OD) None of these is correct