Collected a payment from a credit customer. This will be recorded with: OA. a credit to an asset account. O B. a credit to Sales Discounts account. OC. a credit to a liability account. OD. a credit to Revenue. The shipping paid on goods purchased F.O.B. Shipping Point was not recorded. This error will cause: OA. net income to be understated. OB. total liabilities to be understated. OC. net income to be overstated. OD. total liabilities to be overstated. Betsy's pottery sold 300 tiles at $40 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction? (Round intermediary calculations to the nearest cent and final answers to the whole dollar.) OA. Debit Accounts Receivable $11,880; debit Sales Discount $120; credit Tile Sales $12,000 B. Debit Cash $12,000; credit Tile Sales $12,000 C. Debit Accounts Receivable $12,000; credit Tile Sales $12,000 OD. Debit Accounts Payable $11,880; credit Tile Sales $11,880 Checks that have been processed by the bank and are no longer negotiable are: OA. canceled checks. OB. voided checks. OC. outstanding checks. OD. deposits in transit. On February 12, Clare purchased $490 of merchandise on account from Larsen's Accessories, terms 5/10, n/30. The goods were shipped F.O.B. destination. The freight charge was $40. The amount to be recorded in the Accounts Payable Subsidiary ledger is: (Round your calculation to the nearest whole dollar.) OA. $466. OB. $515. OC. $490. OD. $530, A receiving report includes: O A. quantity received. OB. condition of goods. OC. goods received. OD. All of the above are correct. The payment of FUTA would include: OA. a credit to FUTA Expense. OB. a debit to cash. OC. a debit to FUTA Payable. OD. a credit to FUTA Payable