Question 50 1.5 pts A merchandising company received P10,000 cash upon sale of merchandise to a customer. Which of the following statements BEST describes the said transaction? O The amount credited to Sales is P10,000. O The amount of P10,000 represents the cash discount. O The amount debited to Cash is P10,000. O The amount of P10,000 represents the trade discount. D. Question 49 1.5 pts Which of the following transactions dated at year-end will increase a merchandising company's total trade and other receivables as at year-end? Receipt of promissory note upon sale of merchandise Collection of accounts receivable beyond discount period Collection of non-interest-bearing notes receivable Collection of interest-bearing notes receivable