1) ABC company purchased merchandise for cash (choose the right entries) a) dr : Account receivable / cr : merchandise b) dr : merchandise / cr : cash c) dr: cash / cr : merchandise 2) Sales sre classified as: a) debit b) credit 3) Alhuda est estimated that 2000 BD of the credit sales will be uncollectible. (choose the right entries) a) dr: bad debt expense / cr: allowance for doubtful accounts b) cr: accounts Receivable / cr:cash c) dr: cash / cr: allowance for doubtful accounts 4) Sales returns are classified as a) debit b) Credit 5) What does this sentence mean? (2/10)(n/30) a) 30% discount b) The amount should be paid in two days to get discount c) 2% discount

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