Calculate the pet amount to record the invoice, less the 10% trade discount. Calculate the amount to be paid on this invoice within the discount period. 1 3. Journalize the purchase of the merchandise on May 17 in a general journal. Journalize the payment on May 27 (within the discount period). Page: 5 ants DATE 20- May 17 2 3 4 27 account from Jacob's Distributors on May 17. The purchase price was $1,000, less a 10% trade discount and credit terms of 2/10, n/30. 6 7 ACCOUNT TITLE Accounts Payable/Jacob's Distributors Purchases Purchased merchandise Accounts Payable/Jacob's Distributors Cash Purchases Discounts Pald Invoice within discount period Check My Work 10 more Check My Work uses remaining. DOC. POST. NO. REF. All work saved. DEBIT CREDIT 900 900 10 BE 900 1 2 3 882 5 6 7 Previous Next > Save and Exit Submit Assignment for Grading