The total of all cash sales and credit sales equals: O A. gross sales. O B. accounts receivable. O C. net sales. O D. accounts payable. If a credit memorandum is issued, what account will be decreased on the seller's books? O A. Accounts Receivable OB. Sales O C. Sales Returns and Allowances OD. Sales Discounts The time a customer is granted to pay the bill is the discount period. O O True False A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause: O A. the sales discount account to be understated. OB. the net income for the period to be understated. OC. the net income for the period to be overstated OD. the net sales account for the period to be overstated