Question: PLEASE HELP WITH QUESTIONS 15 & 16 ASAP, please! Question 15 1 pts Which of the following accounts appears on the income statement of a

PLEASE HELP WITH QUESTIONS 15 & 16 ASAP, please!

PLEASE HELP WITH QUESTIONS 15 & 16 ASAP, please! Question 15 1

Question 15 1 pts Which of the following accounts appears on the income statement of a merchandiser? dividends cost of goods sold supplies inventory retained earnings Question 16 1 pts On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount we would credit to cash if we pay this invoice on August 12? $1,000 $998 O $990 $980

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