Match each phrase with its definition.

$\backslash$table$[[1.$ Refers to credit terms where goods in transit are owned by the buyer.,$],[2.$ Time period in which a cash discount is available.,$],[3.$ The expense of purchasing and preparing the merchandise sold during a period.,$],[4.$ A method in which cost of goods sold is recorded only at the end of a period.,$],[5.$ Purchaser's description of a cash discount received from a supplier of goods.,$],[6.$ Calculated as net sales minus cost of goods sold.,$],[7.$ Refers to credit terms where goods in transit are owned by the seller.,$],[8.$ The amount of time allowed by a seller before payment is due from the buyer.,$]]$