QUESTION 22 Stockit, Inc. uses the first-in, first-out method and had the following inventory activity for June: Show the effect of the entry for the purchase of inventory on account for June 15. Be sure to answer each; if no effect, select "0 No Effect". Assets A. Debit Accounts Receivable 84,000 Liabilities B. Debit Cash 84,000 Shareholders' Equity C. Debit Cost of Goods Sold 84,000 D. Credit Accounts Receivable 84,000 E. Debit Accounts Payable 84,000 F. Credit Accounts Receivable 84,000 G. Debit Inventory 84,000 H. Credit Accounts Payable 84,000 I. 0 No Effect J. Credit Cost of Goods sold 84,000 Which statement below best explains credit terms of 2/10,n/30 ? The buyer will receive a 2 percent discount if it pays within 10 days. The buyer will receive a 2 percent discount if it pays within 30 days. The buyer will receive a 10 percent discount if it pays within 30 days. The buyer will receive a 10 percent discount if it pays within 2 days