the original sale of $12,000 using the periodicinventory rtinez Indust 3% cash discount and records the payment which ofthe followin Ramoshondon entry for Ramos to record? A) Accounts Receivable Industries. Based Which of the following is the correct 10. Ramos Company receives a payment on acco 12,000 Cash Purchase Discounts 11,640 360 11,640 360 B) Cash Sales Discounts 12,000 Inventory 11,640 360 C) Cash Sales Discounts 12,000 Accounts Receivable 11,640 360 D) Cash Purchase Discounts 12,000 Accounts Payable 11. Casin Company sells s900 of merchandise on account to Delta Exploration with credit terms of 2/10, n/30. If Delta Exploration remits a check taking advantage of the discount offered, what is the amount of Delta Exploration's check? A) $882 B) $630 C) $810 D) $720 12. Financial information is presented below: Operating expenses $ 45,000 3,000 7,000 160,000 96,000 Sales returns and allowances Sales discounts Sales revenue Cost of goods sold The amount of net sales on the income statement would be A) $153,000. B) $160,000. C) $150,000. D) $157,000