Please answer every question, thank you!

- 13 On May 1 Black Inc. sold $1,000 of merchandise an account (2/10,n/30) to Red Inc. The merchandise cost $700. Black uses the perpetual inventory system. To record this transaction on May 1 Black will Not yet ancies Points out of 2 Flag question Select one Dr. Accounts receivable $700, Cr. Sales revenue $700; Dr. Cost of goods sold $700 and Cr. Inventory $700 O. Dr. Accounts receivable $1,000, Cr. Sales revenue $1,000: Dr. Cost of goods sold $700 and Cr. Inventory 5700 Oc. Dr. Accounts receivable $980. Cr. Sales revenue $980; Dr. Cost of goods sold $700 and Cr. Inventory $700 O d. Dr. Accounts receivable $980, Dr. Sales discount $20, Cr. Sales revenue $980; Dr. Cost of goods sold $700 and Cr. Inventory $700 What account is used to record goods returned from the customer or granting a customer a discount for detective goods? Cuestior 14 Nul ye. an incred Points out of Select one O a A contra asset account P Hag question O b. Accounts Receivable Sales Retums and Allowances O d. Purchase discounts Quer 15 What measures the extent by which the selling price covers all expenses? Not yet answered Points out of 2 Flay question Select one: O a. Gross profit Ratio 0 b. Profit margin Ratic Oc Quality of Earnings Ratio O d. None of the above