ID: A 31. The following indicates that a shipment is free on board at the destination ofthe shipment and the seller will the transportation costs Name: b, FOB shipping point c. FOB destination d. 4/10, EOM 3/10, n/30. If the 32. An invoice in the amount s916 is subject to a trade discount of 10% and credit terms on would be paid within of amount that would be paid to satisfy the invoice the discount period, the a. S824.40 b, $888.52 $981.27 d. $916.00 inventory at the 33. Merchandise inventory available at the beginning of the period +net purchases- merchandise period b, of goods sold allowances c, purchases returns and d. net purchases e, none of the above cost of merchandise includes 34. If merchandise for resale is purchased on account, the entry for the a. Purchases and Cash b. debiting Purchases and crediting Accounts Payable c. debiting Merchandise Inventory and crediting Cash payable d, debiting Merchandise Inventory and crediting Accounts e. none of the above subject to credit terms of 2/10, The amount to be paid if the n30. 35. An invoice of S237.50 dated April 2 is invoice is paid on or before April 10 is a. $4.75 b, $23.75 c, $232.75 d. 5237.50 e, none of above discounts granted by suppliers and amounts 36. The cost of merchandise purchased during the less any suppliers is called period returned to suppliers and amounts of any allowances made by a. purchases b. net purchases c, purchases returns and allowances d. cost of goods sold e. none of the above date is known as the 37. A st showing the amount due to each supplier as ofa specified a. schedule of accounts receivable b. trial balance c. balance sheet d. schedule of accounts payable e, none of the above