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Transaction 1A-November 20, Y8: Mima sold 10 items of merchandise to Customer A at an invoice price of $2,000 ($200 per item); terms 5/15, n/30.

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Transaction 1A-November 20, Y8: Mima sold 10 items of merchandise to Customer A at an invoice price of $2,000 ($200 per item); terms 5/15, n/30. Q75. Indicate the account title to be debited by $2,000. A. Acct Receivable B. Cash C. Cost of Sales D. Sales Revenue E. Unearned Revenue Q76. Indicate the account title to be credited by $2,000. A. Acct Receivable B. Cash C. Inventory D. Sales Revenue E. Unearned Revenue Transaction 1B-November 20, Y8: The cost of merchandise sold in the Transaction 1A was $1,200 Q77. Indicate the account title to be debited by $1,200. B. Cost of Sales A. Cash C. Inventory D. Retained Earnings E. None Q78. Indicate the account title to be credited by $1,200. B. Cost of Sales A. Cash C. Inventory D. Retained Earnings E.None Transaction 1C-December 10, Y8: Customer A paid for the items purchased on November 20, Y8. Q79. What was the amount of the payment? A. S2,100 B. $2,000 C. $1,900 D. $1,260 E. $1,200 Q80. Indicate the account title to be debited on Mima's books. B. Cash C. Inventory D. Unearned Revenues E. Sales Revenue A. Acct Receivable Q81. Indicate the account title to be credited on Mima's books. E. Sales Revenue C. Inventory D. Unearned Revenues A. Acct Receivable B. Cash

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