5. A merchandiser using the gross method sold goods on account to Customer A for AED 8,000 with terms of 2/10, n/30. If the payment is received within the discount period, Accounts Receivable is decreased by AED 6. Which of the following inventory costing methods results in the highest value of ending inventory during a period of rising inventory costs. FIFO, LIFO, Average? 7. The bank made an EFT payment of a telephone bill of AED 5,000. How would this information be included on the bank reconciliation? Add or Subtract from Bank or Book Side (Both must be correct for credit)