Which of the followin accounts would be considered a liability? A. Accounts Receivable B. Johnson Capital C. Unearned Revenue D. Rent Expense Nelson purchases inventory for $3,000 with terms 2/10, n/30. If Nelson pays within the discount period, how much will Nelson pay? A. $2,700 B. $3,000 C. $3,060 D. $2,940 Williams determined that $500 of inventory was damaged during a hurricane. The inventory account will be credited, but which account will get debited? A. Sales B. Cost of Goods Sold C. Miscellaneous Revenue D. Unearned Revenue In which of these cases was revenue earned? A. We received a cash payment from a customer on account. B. We paid cash to reduce an Account Payable C. Cash was received today for service that we will perform in 30 days D. We performed services for a customer on account