E5-18 Using Match the ac 1. Credit Terms 2. FOB Destination 3. Invoice 5. Purchase Allowance 6. FOB Shipping Point 7. Wholesaler 8. Purchase Discount 9. Retailer & Using accounting vocabulary orch the accounting terms with the corresponding definitions. he cost of the merchandise inventory that the business has sold to customers. in amount granted to the purchaser as an incentive to keep goods that are not "as ordered." cost of Goods Sold CA type of merchandiser that buys merchandise either from a manufacturer or a wholesaler and then sells those goods to consumers. d. A situation in which the buyer takes ownership (title) at the delivery destination point. e. A type of merchandiser that buys goods from manufacturers and then sells them to retailers. f. A discount that businesses offer to purchasers as an incentive for early payment. g. A situation in which the buyer takes title to the goods after the goods leave the seller's place of business. h. The terms of purchase or sale as stated on the invoice. i. A seller's request for cash from the purchaser. Learnin Append 25B-29 Jo 29 Journalizing purchase transactions- transactions-periodic inventory system rence Appliances had the following purchase transactions. Journalize sactions using the periodic inventory system. Explanations are not wing purchase transactions. Journalize all necessary Lawrence An transactions i stem. Explanations are not required. 0.4 Purchased inventory of $6.900 on account from Max Appi Wholesale, an appliance wholesaler. Terms were appliance wholesaler. Terms were 3/15, n/30, FOB shipping point. 4 Paid freight charges, $480. 10 Returned $300 of inventory to Max. 17 Paid Max Appliance Wholesale, less return and discount. 20 Purchased inventory of $3,900 on account from MY Appliance, an appliance wholesaler. Terms were 1/10, n/45, FOB destination. Received a $400 allowance from MY Appliance for damaged but goods. 29 Paid MY Appliance, less allowance and discount. 22 Receive