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MCQ 6 AG Inc. made a 10,000 sale on account with the following terms: 2/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale? a. Debit Accounts Receivable for 9,900 b. Debit Accounts Receivable for 9,900 and Sales Discounts for 100 C. Debit Accounts Receivable for 10,000 d. Debit Accounts Receivable for 10,000 and Sales Discounts for 100 MCQ 7 Which of the following is a period cost? a. Labor costs. b. Freight in. c. Production costs. d. Selling costs. MCQ 8 Which of the following accounts is not reported in inventory? a. Raw materials. b. Finished goods. c. Building d. Supplies