Credit terms of 3/15,n/30 mean that: a 3% discount is allowed if the customer pays the bill within 15 days, or the entry amount is due within 30 days. a 3% discount is allowed if the bill is paid within between 15 and 30 days. a 3% discount is allowed if the bill is paid before the 15 th day of the following month. a 3% discount is allowed if the bill is paid within 30 days. QUESTION 25 Customer returned merchandise for credit. This will be recorded with: a credit to an asset account. a debit to a revenue account. a debit to a liability. a debit to an asset account. QUESTION 26 Gross sales equals: the total of cash sales and credit sales. sales discount less net income. net sales minus sales discount. supplies minus inventory