When the buyer (of merchandise) pays within the discount period, what account is affected by the amount of the discount at the time of payment? O Sales Discount Inventory O Cost of Goods Sold O Sales Returns and Allowances Question 18 1 pts When the seller (of merchandise) receives payment within the discount period, what account is affected by the amount of the discount at the time the payment is received? Cost of Goods Sold Sales Discount Inventory Sales Returns & Allowances