Question 11 The collection of a $600 account within the 2 percent discount period will result in a Not yet answered Marked out of 1.00 O a. debit to Sales Discounts for $12. O b. credit to Cash for $588. O c. debit to Accounts Receivable for $588. O d.credit to Accounts Receivable for $588. P Flag question Question 12 If a company has net sales of $750,000 and cost of goods sold of $450,000, the gross profit percentage is Not yet answered Marked out of 1.00 O a. 40% b. 100% O c. 60% d. 20%. P Flag