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Beryllium Company is a wholesaler of personal computers. Beryllium grants a single discount of 30 percent off the listed catalog price of $220. The selling price of a computer sold by Beryllium is:

a.$154.

b.$190.

c.$128.

d.$220.

Which of the following is an amount that a customer can deduct if a bill is paid within a specified time?

a.A cash discount

b.A quantity discount

c.A bill discount

d.A trade discount

Cadmium, Inc., purchased merchandise on account worth $480 from Tungsten Corp., invoice no. 4565; terms 2/10, n/30; dated May 6. On June 5, Cadmium issued a check to Tungsten for $480 in payment of invoice no. 4565. The journal entry recorded by Cadmium for the payment of invoice no. 4565 to Tungsten is:

a.a debit to Accounts Payable, Tungsten Corp. for $470.40 and a credit to Cash for $470.40.

b.a debit to Cash for $470.40 and a credit to Accounts Payable, Tungsten Corp. for $470.40.

c.a debit to Accounts Payable, Tungsten Corp. for $480 and a credit to Cash for $480.

d.a debit to Cash for $480 and a credit to Accounts Payable, Tungsten Corp. for $480.

The Sales Discounts account is:

a.deducted from Sales.

b.credited to the Accounts Payable account.

c.debited to the Cash account.

d.added to Purchases.

Which of the following is true of a cash payments journal?

a.It records all transactions in which Cash is debited.

b.It is used only once in a financial year.

c.It records the transactions in which cash goes out.

d.It is only used for a merchandising business.

please answer all the questions

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