Sales Discounts Accounts Receivable 25 2,500 A credit sale of $800 is made on April 25, terms 2/10, n/30, on which a return of $50 is granted on April 28. What amount is received as payment in full on May 4? A) $735 B) $784 C) $800 5. D) $750 In a perpetual inventory system, the Cost of Goods Sold account is used A) Only when a cash sale of merchandise occurs B) Only when a credit sale of merchandise occurs C) Only when a sale of merchandise occurs D) Whenever there is a sale of merchandise or a return of merchandise sold 6