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4 GS SEC1 x m/forms/d/e/1FAIpQLSeznHIM6ZCPSbr MbeJF7EB1GOGKRjn4nR-3hFwEJ2xn4Rhsto/formResponse 3. A journal entry with a debit to cash of $980, a debit to Sales Discounts of $20. and a credit to Accounts Receivable of $1,000 means that a customer has taken a 10% cash discount for early payment. True False 4. A sales discount of 1/15 means the seller will receive 85% of the selling price, True O False 5. Transportation in increases cost of goods purchased True False 6. The adjustment to reflect shrinkage is a debit to Income Summary and a credit to Shrinkage Expense. True False c