Question 22 4 pts Discounts taken by a buyer because of early payment are recorded on the seller's accounting records as: Purchases discounts O Sales discounts Trade discounts Early payment discounts D Question 23 4 pts To calculate net sales: sales - sales discounts - sales returns and allowances Osales - sales discounts - purchase returns sales - sales and purchase discounts - sales returns Osales - sales discounts - purchase returns Question 24 4 pts Which of the following accounts has a normal debit balance? Accounts Payable Sales Returns and Allowances O Sales O Interest Revenue