Pls help! I included the payment terms used in each chapter!

How do payment terms provided by merchants and their suppliers work and what decisions do Question \#2: well-run companies typically make when offered cash discounts? (Refer to the payment terms used in Chapters 3 and 5 of your text) Aecrualbasis aceounting: Record revenues when goods and services are provided to customens, and record expenses for the costs used to provide those goods and ecrvices to custamers, 114 Acerued expenses: Occur when a compaoy has used costs in the current period, but the company hasin't yet paid cash for those costs. p. 125 Aecrued resenuee Occur when a company provides products or services but hasn't yet rosenved casb. p. 127 Adjusted trial balanee: A ins of ull acoounts and theichaiances afier we lune updated account balances for adjuming entrics p. 13z Adjusting entries Initries at the end of the perind used to updase halunces of reveaues and expenes (and changes ia sheir related assets and liabilike) that have accurred dunng the perind tut that we hive nat ret rocoded D. 118 Ilook vulae: An was's orieinal coil les accumalated depectiatine, p. 122 Classified balance sheet: Balance sheet that groups a company's assets into current assets and long-term assets and that separates liabilities into current liabilities and long-term liabilities., .135 Closing entries: Entries that transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the balance of the Retained Earnings account. p. 138 Contra account: An account with a balance that is opposite, or " contra," to that of its related accounts, p. 122 Deferred revenues: Arise when a company receives cash in advance from customers, but goods and services won't be provided until a later period, p. 123 Depreciation: The process of allocating the cost of a long-term asset to expense ower its useful life. p. 122 Peruanent aceounts: All accounts that appeac in the balance sheet; account balances are carried forward from period to period, p. 138 Postelosing trial balance: A list of all accounts and their balances at a particular date after we bave updated account balances for closing antriae on lat Aceounts receivable: The amounts owod to tho company by its customers from the sale of goods or services on accoont. p. 228 Aging method: Bating the ed imate of future bad debts on the various ages of individual accounts receivable, uxing a higher percentage for "old" accounts than for " ocw" accounts. R. 240 Nllowance for uncollectible accounts: Contre asset accouat representing the amount of aceounts receivable not expected to be collected. 1. 236 Alluwance method: Method of reporting aocouat receivable for the net amount cxpocted to be collicered. p. 235 the receivables turnowe nation. 1. 251 Had debt expense. The cot of estimaled future bal detrs that is reporied as an cspese is the curreat year's incoine statement. 1.237 Contra recenue account: An account with a balance that is opposite, or "contriL," to that of its related revense account. p. 230 Credit sakes: Trinsfer of goods or services to a customer today while bearing the risk of collecting payment from that customer in the future. Also known as saler on aecount or services on account. p. 228 Direet write off method; Recording bad debt expense at the time we know the account is actually uncollectible, p. 245 Imviee: A wource doeument that identifies the date of sale, the customer, the specific items sold, the dollar amount of the sile, and the Raymens terms, 0.228 Net acesunts receirable: The diflerence between tohal accounts receivable and the allowange for uncollectible accounts. 8.237 Net revenues: A company's total reveoues less any diveounts, rcturos, and allowances, p. 229 Notes recehable: Formal eredit arranecments evidenced by a writen debt insirument, of note, p. 247 Pereentage of reeivaliles methad: Method of esimating unoollectibic accounts bared on the percentage of accounss neceivable expocred Receivables turnower natio: Number of times during a year that the average accounts neceivable balance is collected (or "turns over"). It equals net eredit sales divided by average accounts receivable. P. 251 Sales allowance: Seller reduces the eustomer's balance owed or provides at least a partial refund because of some deficiency in the company's ghod or service. p. 230 Sales diseount: Reduction in the amount to be received from a credil customer if collection on account occurs within a specifled period of time. p. 231 Sales retum: Customer returns a product, p. 230 Subsidiary ledken group of individual aceounts associated with a particular general fedecr control account. p. 243 Trade diseount: Reduction in the listed price of a good of service. p. 229 Uneolicetihle accoubtv: Cuitomers' aceounis that no langer ate considered collectible. p. 235 How do payment terms provided by merchants and their suppliers work and what decisions do Question \#2: well-run companies typically make when offered cash discounts? (Refer to the payment terms used in Chapters 3 and 5 of your text) Aecrualbasis aceounting: Record revenues when goods and services are provided to customens, and record expenses for the costs used to provide those goods and ecrvices to custamers, 114 Acerued expenses: Occur when a compaoy has used costs in the current period, but the company hasin't yet paid cash for those costs. p. 125 Aecrued resenuee Occur when a company provides products or services but hasn't yet rosenved casb. p. 127 Adjusted trial balanee: A ins of ull acoounts and theichaiances afier we lune updated account balances for adjuming entrics p. 13z Adjusting entries Initries at the end of the perind used to updase halunces of reveaues and expenes (and changes ia sheir related assets and liabilike) that have accurred dunng the perind tut that we hive nat ret rocoded D. 118 Ilook vulae: An was's orieinal coil les accumalated depectiatine, p. 122 Classified balance sheet: Balance sheet that groups a company's assets into current assets and long-term assets and that separates liabilities into current liabilities and long-term liabilities., .135 Closing entries: Entries that transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the balance of the Retained Earnings account. p. 138 Contra account: An account with a balance that is opposite, or " contra," to that of its related accounts, p. 122 Deferred revenues: Arise when a company receives cash in advance from customers, but goods and services won't be provided until a later period, p. 123 Depreciation: The process of allocating the cost of a long-term asset to expense ower its useful life. p. 122 Peruanent aceounts: All accounts that appeac in the balance sheet; account balances are carried forward from period to period, p. 138 Postelosing trial balance: A list of all accounts and their balances at a particular date after we bave updated account balances for closing antriae on lat Aceounts receivable: The amounts owod to tho company by its customers from the sale of goods or services on accoont. p. 228 Aging method: Bating the ed imate of future bad debts on the various ages of individual accounts receivable, uxing a higher percentage for "old" accounts than for " ocw" accounts. R. 240 Nllowance for uncollectible accounts: Contre asset accouat representing the amount of aceounts receivable not expected to be collected. 1. 236 Alluwance method: Method of reporting aocouat receivable for the net amount cxpocted to be collicered. p. 235 the receivables turnowe nation. 1. 251 Had debt expense. The cot of estimaled future bal detrs that is reporied as an cspese is the curreat year's incoine statement. 1.237 Contra recenue account: An account with a balance that is opposite, or "contriL," to that of its related revense account. p. 230 Credit sakes: Trinsfer of goods or services to a customer today while bearing the risk of collecting payment from that customer in the future. Also known as saler on aecount or services on account. p. 228 Direet write off method; Recording bad debt expense at the time we know the account is actually uncollectible, p. 245 Imviee: A wource doeument that identifies the date of sale, the customer, the specific items sold, the dollar amount of the sile, and the Raymens terms, 0.228 Net acesunts receirable: The diflerence between tohal accounts receivable and the allowange for uncollectible accounts. 8.237 Net revenues: A company's total reveoues less any diveounts, rcturos, and allowances, p. 229 Notes recehable: Formal eredit arranecments evidenced by a writen debt insirument, of note, p. 247 Pereentage of reeivaliles methad: Method of esimating unoollectibic accounts bared on the percentage of accounss neceivable expocred Receivables turnower natio: Number of times during a year that the average accounts neceivable balance is collected (or "turns over"). It equals net eredit sales divided by average accounts receivable. P. 251 Sales allowance: Seller reduces the eustomer's balance owed or provides at least a partial refund because of some deficiency in the company's ghod or service. p. 230 Sales diseount: Reduction in the amount to be received from a credil customer if collection on account occurs within a specifled period of time. p. 231 Sales retum: Customer returns a product, p. 230 Subsidiary ledken group of individual aceounts associated with a particular general fedecr control account. p. 243 Trade diseount: Reduction in the listed price of a good of service. p. 229 Uneolicetihle accoubtv: Cuitomers' aceounis that no langer ate considered collectible. p. 235