entry to record a sale of 5750 with terms of 2/10 n/30 will include a a pebit accourts receivable $750 credit sales $750 Debit sales for $734, treda accounts receivabile $735 Creditaccounts receivable S750, debit sales$750 Debit sales discounts $15, debit cash $735, tredit sakes t 4s. Book value of an assets a its cost b. Its cost plus accumulated deprecistion c. Its cost less accumulated depreciation d. ts cost less depreciation expense for the year 46. Nichols Company had the following balances and tramsactions Beginning Merchandise Inventory as of lanuary1, 2018 March 10 June 10 October 30 00 urvits at 582 old 70 units urchased 600 units at 58s 970 units balance sheet at December 3 What would be reported for Ending Merchandise inventory on the b if the perpetual nventory system and the first-in, first-out inventory costing method are used? a. $5,740 b. $51,000 C. 539,100 d. $24,600 47. Which of the following is an asset that is intangible? a. Notes Payable b. Accounts receivable c. Goodwill d. Equipment National bank. What account should be credited o 48. E Co. owes $3,500 interest to 2 books? a. Accumulated depreciation b. Interest receivable Interest payable Depreciation expense d. 49. Closing entries are recorded in the: a. Cash receipts journal b. General journal c. Sales journal d. Cash payments journal 7I Page