e evergladesuniversity blackboard assessment id- 392914 &course ids 128621 1 id .7136 com/webapps/assessment/akeMaunchysp?course Due to employee theft the Associatonotcertsed FraudExminers has estimated that businesses willose O thousands of dollars O milons of dollars O baons of dolars purchase of supples on acoount is recorded in the O Revenue joumal O General journal O Purchases journal O Cash Payment journal Using perpetual inventory system the entry to record the retum of merchandise purchased on aceount includes O debt to Cost of Goods Sold O credit to Accounts Payable O credit to Merchandise Inventory O credit to Sales Question 7 Under a periode inventory system the merchandise on hand at the end of the year is determined by a physical count ofthe inventory Question 8 inoome that cannot be associated definitely operations, such as a gain from the sale of a feed asset is listed as other inoome on the mulipe-sep income statement. Question 9 A retailer purchases merchandise with a catalog ist pnoe of 310 000 The retailer reoeives a 25w tade disoount and oredtterms of 210 n30 what amount should the retas debittore Mech sa inventa y ac