Hello, what is the answer to these questions? because I don't understand, and I also think of the explanation because I will review it.

1.The collection of a P 4,000 account within the 2% discount period will result in a:

2.Assuming that net purchases was P 900,000 during the year and that ending Inventory was P20,000 less than the beginning merchandise inventory of P 250,000, how much was the cost of goods sold?

3.Which of the following accounts is closed by debiting the account?

Purchase Returns and Allowances

Transportation in

Purchases

Sales Returns and Allowances

4.accounts would appear on a worksheet for a merchandising entity that uses the perpetual inventory system?

5.A trade discount is:

shown in the sales account

shown in the purchase account s

shown in the general journal

not shown anywhere

6.accounts will not appear on a worksheet for a merchandising entity that uses the periodic inventory system?

7.The closing entries for a merchandising entity using the perpetual system.

8.A supplier offers the following discounts: Trade discounts of 10% at list price and additional cash discount of 5% if paid in full before the due date. How much is to be paid if Angelica Dy pays before the due date at a list price of P 16,000?

9.accounts would appear on a worksheet for a merchandising entity that uses the periodic inventory system?

10.The collection of a P 5,000 account beyond the 2% discount period will result in a:

11.The Merchandise Inventory account balance in the Trial Balance columns of a worksheet for a merchandising entity that uses the periodic inventory system...

12.The December 31, 2019 trial balance for Aileen Maglana Company included the following: Purchases, P 40,000; Purchases Returns and Allowances, P 2,000; Transportation In, P 3,000; Ending inventory was P 8,000. What was the cost of goods sold for 2019?

13.Under the periodic inventory system...

14.To entry a record of sale of P7,500 with terms of 2/10, n/30 would include a:

15.On a worksheet prepared for a merchandising entity that uses the perpetual inventory system,

the Inventory amount in the Balance Sheet is the same as in the Trial balance columns

the components of Cost of Goods Sold are contained in several accounts in the income statement columns.

the Owner's Withdrawals account is closed into the Owner's Capital account.

the Income Summary account is used to adjust the Owner's Capital account

16.The journal entry for the purchase of inventory on account is:

Inventory Cash

Inventory Accounts Payable

Accounts Payable Inventory

Inventory Accounts Receivable

17.Olive Valenzuela Traders purchased merchandise from San Jose Supplier for P 3,600 list price, subjected to a trade discount of 25%. The goods were purchased on terms of 2/10, n/30, F. O. B. Destination. Valenzuela paid P 100 transportation cost. Valenzuela returned P 400 of the merchandise and later paid the amount due within the discount period. The amount is...

18.Which of the following is not considered in computing the net cost of purchases?

Purchases returns and allowances

Transportation paid on purchased goods

Transportation paid on goods shipped to customers

Purchases

19.Which of the following is not considered in computing the net cost of purchases?

Purchases returns and allowances

Transportation paid on purchased goods

Transportation paid on goods shipped to customers

Purchases

20.Grace Ancheta Company which uses the gross price method of recording purchases and the periodic inventory system, bought merchandise for P 8,000, terms 2/10, n/0. If Ancheta returns P 2,000 of the goods to the vendor, to entry return should include a...