need help please

6 1 point Based on a company's perpetual inventory records, they should have $100,000 in merchandise on hand. The physical inventory indicates that they actually only have $90,000 on hand. Ona piece of scrap paper, write a T account or journal entry to record the shrinkage. What account is debited? Merchandise inventory Cost of merchandise sold O Contra income O Shrinkage expense 7 1 point In year 1, a company had net sales of $100,000 and the average of their total assets were $80,000. In year 2, they had net sales of $90,000 and the average of their total assets were $75,000. Determine the ratio of net sales to assets for each year and determine if the company is getting better or worse at generating sales from their assets. The company is getting worse because the ratio went from 0.8 to 0.83 The company is getting better because the ratio went from 0.8 to 0.83 The company is getting worse because the ratio went from 1.25 to 1.2 The company is getting better because the ratio went from 1.25 to 1.2 8 -3 1 point Which financial statement is the most different between a service business and a merchandising business? Statement of Cash Flows Balance Sheet Statement of Equity O Income Statement 9 1 point When a customer wants to return defective merchandise to a business, which account will the business debit and which will they credit? Tip: On a piece of scrap paper, illustrate an example of this type of transaction as a Taccount or journal entry so that it's easier to determine the debit and credit. Debit accounts receivable, credit Sales return and allowances O Debit accounts payable, credit Sales return and allowances Debit Sales return and allowances, credit accounts payable Debit Sales return and allowances, credit cash