omework5#4 Glossary, Fill-in-the blanks in the rder presented. - A Purchase? is a deduction granted by the seller to encourage the buyer to Keep the merchandise. To record a Purchase ?, the buyer debits accounts payable and credits Inventory. The seller offers the buyer a Purchase ?_for prompt payment. A. Allowance and Refund and Discount B. Discount and Allowance and Return c. Allowance and Return and Discount D. Return and Allowance and Discount 5-5