Inbox (2) - ellenabarollo31@gm x + il.google.com/mail/u/0/?hl=en#inbox?projector=1 X TRUE OR FALSE Open with Google Docs 1) Service companies must keep careful track of the cost of inventory. 2) It is a requirement that all customers have identical credit terms. 3) The decision to allow a customer credit term is sometimes risky. 4) Terms of 2/10, n/30 means that a customer is allowed a 10% discount in 30 days. 5) The Payroll Journal is not considered a special journal. 6) Sales discounts are usually not an incentive for the customer to pay early. 7) Gross Sales equals all the cash and credit sales made by a business for a specific period. 8) Credit terms whereby the customer is granted credit until the 10th day of the following month are n/10, EOM. 9) Credit terms remain the same from company to company. 10) Credit terms of 3/10 permit the customer to deduct 3% of the sale if payment is made within 10 days