I. Dollar Co. sold merchandise to Pound Co. on account, $25,000 terms 2/15, net 45. The Pound Co. paid the invoice within the discount period. Cost of merchandise sold was 15,400. Journalize the transaction. Use NET METHOD. Perpetual System Sela ,500 2. Merchandise is ordered on November 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 15; the merchandise is received by the buyer on November 18; the entry is made in the buyer's accounts on November 20. The credit period begins with what date? 3. A sales invoice included the following information: merchandise price, $10,000; terms 5/10, n/eom; FOB shipping point with prepaid freight of $900 added to the invoice. Assuming that a credit for merchandise returned of $500 is granted prior to payment and that the invoice is paid within the discount period. Journalize the transaction. How much should be paid by the buyer? Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $50,000. Pierce prepaid the $500 shipping charge. Journalize the transaction. 4. dated on May 2 with terms of 1/15, net 60. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? 5. Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of $2,700. The invoice is