Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following items (a-h) with the appropriate definition below. Clear All Freight Discount taken by the buyer for early payment of invoice. Delivery Expense Account used to record inventory on hand under a perpetual inventory system. Inventory Early payment discount offered to customers by the seller. Sales discount Expense account for recording shipping costs paid by the seller. Purchases Returns and Allowances Discount to government agencies or customers who purchase large quantities of merchandise Debit memo Account where returned merchandise or price adjustments are recorded by the buyer under the periodic inventory system Purchases discount The cost associated with delivery of merchandise to the customer. Trade discount Informs the seller of the reasons for the return of merchandise or the request for a price allowance