On November 10 of the current year, Flores Mills sold carpet to a customer for $7,800 with credit terms 3/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice Cash Sales discounts Accounts receivable 7,566 234 7,800 Cash Sales Accounts receivable 7,566 234 7,800 Cash Sales discounts Accounts receivable Sales 7,800 234 7,800 234 C Rent 4221 Nav False Value Hardware began 2021 with a credit balance of $31,700 in the refund liability account. Sales and cash collections from customers during the year were $650,000 and $610,000, respectively. False Value estimates that 6% of all sales will be returned. During 2021, customers returned merchandise for credit of $18,000 to their accounts. What is the balance in the refund liability account at the end of 2021? Multiple Choice $52,700. $57,000. $13,700. $39,000