Which 2 statements are correct regarding adjusting sales tax on a return? a. rounding up should post to an income account b. penalties should post to a contra-income account interest charged should post to a payable account c. rounding down should post to an income account d. early payment discount (credit) should post to an income account

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable