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Merchandise is sold on credit for $950 plus 4 percent sales tax. The entry in the sales journal will include a debit to Accounts Receivable

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Merchandise is sold on credit for $950 plus 4 percent sales tax. The entry in the sales journal will include a debit to Accounts Receivable for 3 Multiple Choice 395000 O 595550 O $953.50 O 3968.00 6 7 8 E R T Y 0 P S D F G K 8 Merchandise costing $5,700 with terms of 2/10, 1/30, with transportation costs of $330 included on the invoice (not included in the $5700) is sold on account. If the bill is paid within ten days, the amount of the purchase discount is: Multiple Choice o 56.60 O $10740 O $120.60 $14400 5. 6 7 E R

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