Answer please

1) An entry for a purchase return will include a) a credit to Inventory. bla debit to Sales Returns and Allowances cla credit to Sales Return and Allowances. d) a debit to Inventory. 2)Fred's Footwear started with $7,000 in Inventory and had the following transaction totals for the month of April: Sales $20,000 Sales Returns and Allowances 2,000 Cost of Goods Sold 8,000 Purchases 14,000 Freight 1,000 Purchases Returns and Allow 2,000 Purchases Discounts ??7 If ending Inventory for the period is $11,000, what is the total of purchase discounts expenenced? Ans- a) $2,000 b)$1,000 c)$4,000 d)53,000 3 Canada's tax legislation alows the use of the quick method of accounting for GST/ HST because alit was forced to allow this by the Canadian small Business Association. blit wants to simplify tax handling for some smaller companies. c canada's free trade agreement with the US requires that the option exist. o) it wants to collect tax revenue quicker