1. Z-Mart did not take advantage of a supplier's offer of 2/10, n/30, and paid the invoice at the end of the month. By not taking the discount Z-Mart lost the equivalent of 18% annual interest on the amount of the purchase. O True O False 2. FOB shipping or FOB factory means ownership of goods transfers to the buyer at the buyer's place of business. O True False 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. O True O False