I know this is a lot, but needed some help with my study guide.

lalf slhpaies would be better off of the dL 3. On June 3, Lakeland Company sold merchandise worth s1,600 on credit, terms 2/ho, n/3o. The merchandise sold had cost $1,10o. The customer paid the amount on June to. What is the required journal entry to record the payment received under the periodic inventory system? a. Accounts Receivable 1,568 32 Sales Discounts Cash 1,600 b. Accounts Receivable 1,600 32 Sales Discounts Cash 1,568 c. Cash 1,568 Sales Discounts 32 Accounts Receivable 1,600 d. Cash 1,600 Sales Discounts 32 Accounts Receivable 1,632 4. Feathertouch Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction and to transfer the cost of merchandise inventory to cost of goods sold under the periodic inventory system? a. Accounts Receivables 1,600 1,600 Sales No entry for transfer to cost of goods sold. b. Sales 1,600 Accounts Receivables Merchandise Inventory 1,600 1,100 Cost of Goods Sold 1,100 c. Accounts Receivables 1,600 Merchandise Inventory ,600 Cost of Goods Sold 1,100 Merchandise Inventory 1,100 d. Merchandise Inventory ,600 Sales 1,600 Cost of Goods Sold 1,100 Merchandise Inventory 1,100