Indicate the Account(s) to Be Debited and Credited to Record

question 58

Multiple Choice

Indicate the account(s) to be debited and credited to record the following transactions.

-Purchased merchandise on credit; terms of 2/10, n/30. - Periodic
Debit ________ Credit ________

• A) Cash
• B) Accounts receivable
• C) Merchandise inventory
• D) Supplies
• E) Accounts payable
• F) Sales
• G) Sales returns and allowances
• H) Sales discounts
• I) Cost of goods sold
• J) Purchases
• K) Purchase returns and allowances
• L)Purchase discounts
• M) Freight-in

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Definitions:

Well Rested

A state of being after having enough sleep, typically resulting in feeling refreshed and alert.

Sleep

A naturally recurring state of rest for the mind and body, characterized by altered consciousness and reduced sensory activity.

Sleep Deprivation

A condition resulting from not getting enough sleep, which can affect cognitive functions, physical health, and emotional well-being.

Diminish Immunity

The reduction in the effectiveness of the immune system to fight infections and diseases.