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Y purchased inventory from X on account FOB shipping point, 2/10, net 30, for $10,000. X prepaid the shipping charge of $400. Which of the

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Y purchased inventory from X on account FOB shipping point, 2/10, net 30, for $10,000. X prepaid the shipping charge of $400. Which of the following entries does Ymake to record this purchase and the shipping charges? O A. Accounts Payable - X, debit $10,400; Merchandise Inventory, credit $10,400 OB. Accounts Payable - X, debit $10,000; Merchandise Inventory, credit $10,000 OC Merchandise Inventory, debit $10,400; Accounts Payable - X, credit $10,400 OD. Merchandise Inventory, debit $10,000; Accounts Payable - X, credit S10,000 QUESTION 11 For a company with Sales of $83,000, Rent Revenue of $10,000, Interest Expense of S5,000, Cost of Merchandise Sold of $40,000, and Operating & Selling Expenses of $25,000, Gross Profit would be calculated as: O A $83,000 O 8. 543,000 OC $23,000 O DS18,000

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