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Select the best description for this journal entry. Customer paid on account within the discount period. Paid a creditor within the discount period. Purchased merchandise for cash. Record a cash sale. Select the best description for this journal entry. Purchased merchandise for resale. Received an allowance on a purchase of merchandise. Adjusted inventory for inventory shrinkage. Customer returned merchandise. Select the best description for this journal entry. Paid a noncash dividend. Closing entry to increase Retained Earnings by the amount of Net Income. Closing entry to reduce Retained Earnings by the amount of Dividends. Adjusting entry for inventory shrinkage. Select the best description for this journal entry. Returned merchandise. Purchased equipment on account. Paid for merchandise within the discount period. Purchased merchandise on account. Select the best description for this journal entry. Record a cash sale. Customer paid on account within the discount period. Paid a creditor within the discount period. Purchased merchandise for cash. Calculate Net Income for Alpine Sales Group based on the data given below: $894,000$1,534,000$2,254,000$1,094,000 Calculate Net Sales for Alsap Sales Group based on the data given below: $2,456,000$2,454,000$1,734,000$1,536,000

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