Trade Discount and Cash Discounts Merchandise was purchased on account from Devlin's Deliveries on May 17. The purchase price was $1,800, less a 10% trade discount and credit terms of 2/10, n/30. Question Content Area

1. Calculate the net amount to record the invoice, less the 10% trade discount. $fill in the blank 65a02f050078fe7_1

2. Calculate the amount to be paid on this invoice within the discount period.

3. Journalize the purchase of the merchandise on May 17 in a general journal. Journalize the payment on May 27

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ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- May 17	Accounts Payable/Devlin's DeliveriesCashPurchasesPurchases DiscountsPurchases	blank	blank	Purchases	Purchases	1
2	blank	Accounts Payable/Devlin's DeliveriesCashPurchasesPurchases DiscountsAccounts Payable/Devlin's Deliveries	blank	blank	Accounts Payable/Devlin's Deliveries	Accounts Payable/Devlin's Deliveries	2
3	blank	Purchased merchandise	blank	blank	blank	blank	3
4	27	Accounts Payable/Devlin's DeliveriesCashPurchasesPurchases DiscountsAccounts Payable/Devlin's Deliveries	blank	blank	Accounts Payable/Devlin's Deliveries	Accounts Payable/Devlin's Deliveries	4
5	blank	Accounts Payable/Devlin's DeliveriesAccounts Receivable/Devlin's DeliveriesCashPurchasesCash	blank	blank	Cash	Cash	5
6	blank	Accounts Payable/Devlin's DeliveriesAccounts Receivable/Devlin's DeliveriesPurchasesPurchases DiscountsPurchases Discounts	blank	blank	Purchases Discounts	Purchases Discounts	6
7	blank	Paid invoice within discount period	blank	blank	blank	blank	7