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Merchandise with a sales price of $5,700 is sold on account with terms 2/10,n/30. The journal entry for the sale would include a a. debit to Accounts Receivable for $5.566 b. debit to Sales Discounts for $114 c. debit to Cash for $5,700 d. credit to Sales for $5,586 Which of the following accounts has a normal debit balance? a. Merchandise Inventory b. Sales c. Accounts Payable d. Interest Revenue Using a perpetual inventory system, the journal entry for the sale of merchandise on account includes a a. credit to Merchandise Inventory b. credit to Accounts Receivable c. debit to Merchandise Inventory d. debit to Sales Sales to customers who use bank credit cards such as MasterCard and VISA are usually journalized by a a. debit to Cash and a credit to Sales b. debit to Cash, a credit to Credit Card Expense, and a credit to Sales c. debit to Sales, a debit to Credit Card Expense, and a credit to Cash d. debit to Bank Credit Card Sales, a debit to Credit Card Expense, and a credit to Sales In credit terms of 3/15,n/45, the "3" represents the a. full amount of the invoice b. number of days in the discount period c. percent of the available discount for early payment d. number of days when the entire amount is due Merchandise with a sales price of $5,000 is sold on account with terms 2/10,/30. The journal entry for the sale would include a a. debit to Sales Discounts for $100 b. credit to Sales for $4,900 c. debit to Cash for $5,000 d. debit to Accounts Receivable for $4,880