b. c. d. increased by $49,250. increased by $48,265. increased by $48,270 Q9: Holt Company sells merchandise on account for $2,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? a. $1,960 b. $1,968 c. $1,600 d. $1,568 Q10: Thelman Company reported the following balances at June 30, 2008: Sales $10,800 Sales Returns and Allowances 400 Sales Discounts 200 Cost of Goods Sold 5,000. Net sales for the month is a. $10,800. b. $10,400. c. $10,200. d. $5,200. Q11-12-13: During 2008, Salon Enterprises generated revenues of $60,000. The company expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 a a loss on the sale of equipment of $2,000