Question 4 (1 point) On June 1, $800 of goods are sold with credit terms of 1/10, n/30. How much should the seller expect to receive if the buyer pays on June 8 $720 $784 $792 $800 Question 5 (1 point) Who pays for the freight costs when the terms are FOB shipping point? The ultimate customer The buyer The seller Either the buyer or the seller Question 6 (1 point) Which of the following statements is correct? A service company does not have Cost of Goods Sold account because it does not sell goods. A service company does have a Cost of Goods Sold account because it sells a service. A merchandising company does not have a Cost of Goods Sold account because it does not sell goods. A merchandising company does not have a Cost of Goods Sold account because it only sells a service