Pierce Company sold to Stanton Company merchandise on account FUB shipping point, 2/10, net 30, for $50,000. Pierce prepaid the $500 shipping charge. Journalize the transaction. Jacob Co. sells merchandise on credit to Isaiah Co. in the amount of $2,700. The invoice is 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