Question 19 1 pts If Jones company purchases merchandise on terms of 2/10, n/30, estimate the cash discount available (assuming a 360-day year) is equivalent to an effective annual interest rate of O 2% O 36% O 60% O 24% Question 20 1 pts Smith Roads sold $120,000 of goods and accepted the customer's $120,000 10%, 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale? Debit Notes Receivable for $120,000. O Debit Notes Receivable for $108,000. O Debit Accounts Receivable for $120,000. O No journal entry until cash is collected