Souper Bowls sold 500 of merchandise to a customer for cash. The ...

[michelleunicorn]

Souper Bowls sold 500 of merchandise to a customer for cash. The sales tax was 5. How much cash did Souper Bowls receive?
 
  A) 525
  B) 371
  C) 329
  D) 210

Question 2

Under the periodic inventory system, the journal entry to record the purchase of merchandise inventory will include a debit to
 a. Merchandise Inventory
  b. Purchases
  c. Accounts Payable
  d. Cost of Merchandise Purchased

[joshbk44]

Answer to Question 1

A

Answer to Question 2

b

[michelleunicorn]

Thanks for the timely response, appreciate it

[adammoses97]

Gracias!