Question 23 0.83 pts Determine the appropriate account to for the journal entry for the month of May by placing the appropriate identification number(s) in the debit o credit column provided for each item. The company uses a perpetual inventory system 1. Cash 5. Supplies 9. Sales Discounts 2. Accounts Receivable 6. Land 10. Sales Revenue 3. Notes Receivable 7. Accounts Payable 11. Cost of Goods Sold 4. Inventory 8. Sales Returns and Allowances 12. Freight-Out [Choose) Sold merchandise with a cost of $250 for cash of $450, terms net 30 The account to be credited for $450 is: Choose Sold merchandise with a cost of $250 for cash of $450, terms net 30. The account to be credited for $250 is: (Choose + Purchased merchandise from Supplier, Inc. on account for $2,000, terms 2/10,n/30. The account to be debited is: [Choose Returned $500 of merchandise that had been purchased from Supplier, Inc. The account to be credited is: [Choose Sold merchandise costing $550 to Bike World for $900 on account, terms 2/10,n/30. Bike World will pay $40 freight costs per the shipping terms. The account to be debited for $550 is : [Choose) Accepted a return of merchandise from Bike World. Granted a credit on account of $100. The account to be debited for $100 is: [Choose) Purchased merchandise from AB Supply on account for $1,600; terms 1/10,n/30 The account to be credited for $1,600 is: [Choose + Paid freight of $90 on the shipment from Supplier, Inc. per the shipping terms of the purchase. The account to be credited for $90 is