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O d. credit to Accounts Receivable for $1,500. Oe. credit to Refund Liability for $75. Question 5 (1 point) Question 5) Alliance Corporation purchased inventory
O d. credit to Accounts Receivable for $1,500. Oe. credit to Refund Liability for $75. Question 5 (1 point) Question 5) Alliance Corporation purchased inventory with an invoice price of $15,000 and credit terms of 1/10,n/15. How much cash will Alliance pay if they pay within the discount period? a. $15,000 b. $14,850 c. $15,150 d. $14.700 e. $14,750 Question 6 (1 point) Question 15) If a purchaser using a perpetual inventory system pays freight costs, then the c. Freight Out account is increased. e. Inventory account is decreased. b. Inventory account is not affected. d. Freight In account is increased
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