[Solved] The faintest star visible to the naked eye has an apparent visual magnitude of about A)10. B)6. C)1. D)0. E)-6. Merchandise: Goods bought and sold by a business in the ordinary course of its trading activity. Credit: An accounting entry that increases liabilities or equity or decreases assets, or an arrangement to receive cash, goods, or services now and pay for them in the future. Credit Sales: Transactions where goods or services are sold to a customer with an agreement to pay at a later date. Cash Collection: The process of receiving and processing payments from customers.