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Question 9 Not yet answered Points out of 2.00 Flag question Using a perpetual inventory system, the journal entry on the purchaser's books (not the

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Question 9 Not yet answered Points out of 2.00 Flag question Using a perpetual inventory system, the journal entry on the purchaser's books (not the seller), to record the receipt of a discount from the prompt payment for merchandise paid within the discount period, would include a: Select one: a. Credit to inventory b. Credit to Cost of Goods Sold c. Credit to Accounts Payable d. Credit to Sales Question 10 Not yet answered Points out of 2.00 Flag question When merchandise that was sold on account and is subsequently returned using the perpetual inventory system which accounts are affected in the books of the seller? Select one: 2. Sales returns, accounts receivable, Inventory, and cost of goods sold b. Sales returns, accounts receivable, purchases, and cost of goods sold Cash, accounts receivable, cost of goods sold, and sales returns d. Sales returns, accounts receivable, purchases, and inventory

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