Purchase of Merchandise: T-F Assignment Next to each statement, write True or False 1) The Purchases account is used when your business purchases merchandise. True 2) The Purchases Returns and Allowances account is used when you return merchandise to the supplier. 3) The Purchases Discounts account is used when you take advantage of a discount offered by the supplier. 4) If the supplier offers you discount terms of 1/10, n/30, you must make payment within ten days to obtain the discount. 5) Refer to #4. If you pay within the discount period, you receive a 1% discount. 6) Refer to #4. If you do not make payment within 10 days, you lose the discount. 7) Refer to #4. If you do not make payment within 10 days, the full amount must be paid within 30 days. 8) The Freight-In account is used to record transportation charges. 9) If you purchase merchandise, the Purchases account should be debited. 10) If you return merchandise to the supplier, the Purchases Returns and Allowances account should be credited. 11) If you are offerecash discount by the supplier and pay within the discount period, the Purchases Discounts account should be credited. 12) The Freight-In account should be debited for transportation charges applicable to the purchase. 13) The term "merchandise" is relevant to a business that maintains inventory. 14) The term "Purchases" applies to a business that maintains inventory. 15) The supplier offers discount terms to encourage prompt payment. 16) Purchases less Purchase Returns and Allowances less Purchase Discounts = Net Purchases

Purchase of Merchandise: T-F Assignment Next to each statement, write True or False 1) The Purchases account is used when your business purchases merchandise. True 2) The Purchases Returns and Allowances account is used when you return merchandise to the supplier. 3) The Purchases Discounts account is used when you take advantage of a discount offered by the supplier. 4) If the supplier offers you discount terms of 1/10,n/30, you must make payment within ten days to obtain the discount. 5) Refer to 74 . If you pay within the discount period, you receive a 1% discount. 6) Refer to H4. If you do not make payment withan 10 days, you lose the discount. 7) Refer to #4, If you do not make payment within 10 days, the full amount must be paid within 30 days. 8) The Freight-in account is used to record transportation charges. 9) If you purchase merchandise, the Purchases account should be debited. 10) If you return merchandise to the supplier, the Purchases Returns and Allowances account should be credited. 11) If you are offered a cash discount by the supplier and pay within the discount period, the Purchases Discounts account should be credited. 12) The freight-in account should be debited for transportation charges applicable to the purchase. 13) The term "merchandise" is relevant to a business that maktains imentory. 14) The term "Purchases" applies to a business that maintains inventory, 15) The supplier offers discount terms to encourage prompt paymant. 16) Purchases lesi Purchase Returns and Alowances less Purchase Discounts = Net Purchases purchase of Merchandise: T-F Assignment Next to each statement, write True or False 1) The Purchases account is used when your business purchases merchandise. 2) The Purchases Returns and Allowances account is used when you return merchandise to the supplier. 3) The Purchases Discounts account is used when you take advantage of a discount offered by the supplier. 4) If the supplier offers you discount terms of 1/10,n/30, you must make payment within ten days to obtain the discoun 5) Refer to H4. If you pay within the discount period, you receive a 1% discount. 6) Refer to \#4. If you do not make payment within 10 days, you lose the discount. 7) Refer to H4. If you do not make payment within 10 days, the full amount must be paid within 30 days. 8) The Freight-In account is used to record transportation charges. 9) If you purchase merchandise, the Purchases account should be debited. 10) If you return merchandise to the supplier, the Purchases Returns and Allowances account should be credited. 11) If you are offered a cash discount by the supplier and pay within the discount period, the Purchases Discounts account 12) The Freight-In account should be debited for transportation charges applicable to the purchase. 13) The term "merchandise" is relevant to a business that maintains inventory. 14) The term "purchases" applies to a business that maintains inventory. 15) The supplier offers discount terms to encourage prompt payment: 16) Purchases less Purchase Returns and Allowances less Purchase Discounts = Net Purchases Purchase of Merchandise: T-F Assignment Next to each statement, write True or False 1) The Purchases account is used when your business purchases merchandise. 2) The Purchases Returns and Allowances account is used when vod return merchandise to the supplier. 3) The Purchases Discounts account is used when you take advantage of a discount offered by the supplier. 4) If the supplier offers you discount terms of 1/10,n/30, you must make payment within ten days to obtain the discount. 5) Refer to $4. If you pay within the discount period, you receive a 1% discount. 6) Refer to 14, If you do not make payment within 10 days, you lose the discount: 7 Refer to MA. If you do not make payment within 10 days, the full amount must be paid within 30 days. B) The Freight-in account is used to record transportation charges. 9) If you purchase merchandise, the Purchases account should be debited. 10) If you return merchandise to the supptier, the Purchases feturns and Abowances account should be credited. 11) If you are offered a cash discount by the supplier and pay within the discount period, the Purchases biscounts account should be credited. 12) The Freight-in account should be debited for transportation charges applicable to the purchase. 13) The term "merchandise" is relevant to a business that naintaies inventory. 14) The term "purchases" appbes to a business that maintains inventory. 15) The supplier offers discount terms to encourage prompt payment 16) Furchases loss Purchase Returns and Alowances less Purchase Discounts of Fir Purchaset. Describe the major sources of revenue and which revenue source presents the greatest challenge for a healthcare facility. Support your response with evidence from the textbook and other scholarly resources. Write a 2 page research paper and adhere to APA writing