Match each of the following terms with the definition. 1. Merchandise Inventory 2. Accounts Receivable 3. Expenses 4. Sales Allowance 5. Prepaid Accounts 6. Accounts Payable Promises of payment from customers to sellers. of assets or services used to earn revenue. Examples: employee time, use of supplies and advertising. Represents payments of future expenses. Promises to pay later which usually arise from purchases of merchandise. Consists of products that a company buys to sell to customers. Refers to a reduction in the selling price of merchandise sold to a customer for d defective merchandise that the customer is willing to purchase with a decrease in the selling price amaged or