Please answer all the questions

1. A company sells merchandise for $1,000 on account with terms of 2/10 net/30. Defective merchandise of $200 is returned by customer 2 days later. Which of the following entries would be made to record the cash receipt for the sale if the payment is received 12 days later? A) The accounting entry would be an $800 debit to Cash and a $800 credit to Accounts Receivable. B) The accounting entry would be a $16 debit to Sales Discounts, a $800 debit to Cash and a $784 credit to Accounts Receivable. C) The accounting entry would be a $784 debit to Cash, a $16 debit to Sales Discounts and an $800 credit to Accounts Receivable. D) The accounting entry would be a $784 debit to Cash and a $784 credit to Accounts Receivable. 2. A company that uses the perpetual inventory method purchases inventory of $2,500 on account with terms of 2/10 net /30. Defective merchandise of $500 is returned to supplier 2 days later. Gross invoice price method is used to record purchases. Which of the following entries would be made to record full payment to the seller if the payment is made 18 days later? A) The accounting entry would be a \$2,000 debit to Accounts Payable and a \$2,000 credit to Cash. B) The accounting entry would be a $2,500 debit to Accounts Payable, a $40 credit to Purchase Discounts Taken and a $2,460 credit to Cash. C) The accounting entry would be a $1,960 debit to Accounts Payable and a $1,960 credit to Cash. D) The accounting entry would be a $2,000 debit to Accounts Payable, a $40 credit to Purchase Discounts Taken and a \$1,960 credit to Cash