IV 33 20 Match each of the following items with the appropriate definition from the drop down menu below. No selection is used more than once. Discount taken by the buyer for early payment of invoice. [# ] Account used to record inventory on hand under a perpetual inventory system. [# ] Sales discount Delivery Expense Debit memo Inventory Freight Purchases Returns and Allowances Purchases discount Trade discount Early payment discount offered to customers by the seller. [# ] Expense account for recording shipping costs paid by the seller. [14 ] Discount to government agencies or customers who purchase large quantities of merchandise. [it] Account where returned merchandise or price adjustments are recorded by the buyer under the periodic inventory system 1 The cost associated with delivery of merchandise to the customer. [*] Informs the seller of the reasons for the return of merchandise or the request for a price allowance