Receiveiket recorded the following events involving a recent purchase of inventory Received goods for $120,000, terms 2/10, n/30. 6 Returned $2,400 of the shipment for credit. Paid $600 freight on the shipment. Paid the invoice within the discount period As a result of these events, the company's inventory A) increased by $115,836. B) increased by $115,248. C) increased by $115,848. D) increased by $118.200. 7. Under the perpetual inventory system, in addition to making the entry to record a sale, inventory a company would A) make no additional entry until the end of the period. B) debit Inventory and credit Cost of Goods Sold. C) debit Cost of Goods Sold and credit Purchases. D) debit Cost of Goods sold and credit Inventory 8. The entry to record the receipt of payment within the discount period on a sale of $900 with terms of 2/10, n/30 will include a A) credit to Sales Revenue for $900. B) credit to Accounts Receivable for $900. C) credit to Sales Discounts for $18. D) debit to Sales Revenue for $882. 9. Crowder Corporation recorded the retun of $200 of goods originally sold on credit to Discount Industries. Using the periodic inventory approach, Crowder would record this transaction as: A) Sales Returns and Allowances Accounts Receivable Sales Returns and Allowances Sales Returns and Allowances Accounts Receivable 200 200 200 200 200 200 200 200 B) Accounts Payable C) Accounts Receivable D) Inventory