Tools & More orders $40,000 of merchandise on account from Hammer Supply. Hammer Supply accepts the order by sending an invoice with the terms 2/10,n/30. Assume that Tools & More pays Hammer Supply during the discount period. Show the journal entries to 1) record the receipt of the invoice on August 2nd, and 2) payment for the merchandise on August 7th. (NOTE: The areas that are gray should not be written in). SHOW ALL WORK ON CALCULATIONS. accounts debit 1) date credit I 11 11 IT II accounts 2) date credit debit