rpetual system ) Which of the following entries is made when a discount is taken and the pe uses the gross method? A) Xxxx Cash Purchase Discount B) Cost of Goods Sold Xxxx Purchase discount Xxxx C) Purchase Discount Inventory Xxxx A/P Merchandise Inventory Cash In a perpetual inventory system, if the terms of sale are FOB shipping point the journal entry made by the purchaser to record the payment of freight charges on purchased merchandise includes a: 8) A) debit to Freight Expense B) debit to Inventory C) credit to Accounts Payable D) debit to Cost of Goods Sold 9) A company uses the perpetual method to track inventory. It began the month with inventorv costing $30,000, made purchases of S150,000 during the month, and recorded cost of goods sold (COGS) of $140,000. At the end of the month, a physical count of inventory was performed and $39,000 of inventory was still on the shelves. What is the cost of inventory. that was stolen during the month? A) $1,000 B) $2,000 C) $19,000 D) SO 10) A company, using the net method, purchased inventory for $1,500 and terms 2/10, net 30 but did not pay the bill in time to take advantage of the discount. The cost recorded in the Inventory account after this event would be: a) $1,470 b) $1,530 c) $1,500 d) Not enough information is given