The terms on an invoice are 2/10, n/25. This means that a:

Select one:

a.

discount of 2% is allowed if the invoice is paid in 10 days.

b. discount of 10% is allowed if the invoice is paid in two days

c. discount of 2% is allowed if the invoice is paid after 25 days

d. discount of 25% is allowed if the invoice is paid in 10 days

2.

Entries that record an expense before the cash is paid are

Select one:

a. prepaid expenses

b. accrued expenses

c.

unearned revenues.

d. accrued revenues