what is the correct answer

5) Kristi's pottery sold 250 tiles at $25.00 each to a charge customer, terms 1/10, n/30. The tiles cost Kristi's $10.00 each. Which entry is required to record the sale portion of this transaction? A) Debit Cash for $6,250; credit Tile Sales for $6,250 B) Debit Accounts Receivable for $6,167 50; credit Tile Sales for $6, 187 50 C) Debit Accounts Receivable for $6, 187.50; debit Sales Discount for $62 50, and credit Tile Sales for $6,250 D) Debit Accounts Receivable for $6,250; credit Tile Sales for $6,250 9) An example of a subsidiary ledger is the accounts receivable ledger. Answer: TRUE or FALSE 10) The controlling account is found in the subsidiary ledger and it summarizes or controls the general ledger account. Answer. TRUE OR FALSE 11) The value of inventory includes A) Purchases + Purchases Returns and Allowances. B) Purchases + Freight - Purchases Discount - Purchases Returns and Allowances. () Purchases + Freight - Purchases Returns and Allowances. D) Purchases + Freight 12) Inventory is a (n) A) cost D) asset. C) liability. Dj revenue. 13) Jackie's Online Service started with $7,00 in Inventory and had the following transaction totals for the month: Sales $20,000 Sakes Relums and Allowances 2.000 Cost of Goods Sold 8,000 Purchases 14,000 Freight 1,000 Purchases Returns and Allow. 2,000 Purchases Discounts 1,400 Ending Inventory for the period is A) $10,600. B) 59,600. () $12,600. D) $14,000. 14) Purchases Returns and Allowances A) increase Inventory. B) decrease Inventory. C) have no effect on Inventory. D) Not enough information provided