Please help Accounting multiple choice help me asap

1. On June 1, 800 of goods are sold with credit terms of 1/10, n/30. How much should the seller expect to receive if the buyer pays on June 8?

a. 720

b. 784

c. 792

d. 800

2.When the Allowance for Doubtful Accounts appears on a company's financial statements, its balance will be a __________ balance.

a. debit

b. credit

3.When a sale is made with the credit terms of 2/10, net 30, the "10" refers to what period?

a. tax

b.trade

c.special

d. discount

4.The seller is responsible for the costs of shipping its goods to the buyer when the terms of the sale are FOB

a. destination

b. shipping point

5. A company estimates that 20,000 of its 500,000 of account receivable will be uncollectible. Its Allowance for Doubtful Accounts presently has a credit balance of 8,000. The adjusting entry will include a _____________ to the Allowance for Doubtful Accounts.

a. credit of 12000

b. debit of 28,00

c debit of 12000

d. credit of 28,000

6.On which financial statement would you expect to find Allowance for Doubtful Accounts?

a. balance sheet

b. income statement

7.On June 1, 800 of goods are sold with credit terms of 1/10, n/30. On June 3 the customer returned 100 of the goods. How much should the seller expect to receive if the buyer pays on June 8.

a. 700

b. 693

c. 792

d. 692

8.After several years of operations, a company's Bad Debts Expense for a given year is likely to be the same as its balance in Allowance for Doubtful Accounts.

a. false

b. true

9.Which method of reporting losses on accounts receivable is to be used for financial reporting?

a. direct of write-off

b. allowance

10. When the terms of a sale are FOB ____________ ownership of goods will transfer to the customer at the customer's dock.

a. shipping pointb

b. ASAP

c. destination

d. mail point