Which account will be included in the closing entries of both service and merchandising businesses? a. Customer Refunds Payable b. Cost of Merchandise Sold c. Merchandise Inventory d. Advertising Expense If merchandise selis for $3,500 on account, with terms of 3/15,n/45, and the cost of the invertory sold is $2,100, the amount charged to saies under the gross methed is a. 52,037 b. $2,100 c. $3,500 d. $3,395