wnload Redempt.. OS Xkryboard shor.. Facebook ightningnewtab 1am ready to startAPUS CLE:ENGL10.. New lab New Tab Instructions Trade and Cash Discounts General Journal Discount and Cash Discounts . calculate the net amount to record the invoice, less the 10% trade discount. 2 Calculate the amount to be paid on this invoice within the discount period. . Sournalize the purchase of the merchandise on May 17 in a general journal. Journalize the payment on May t an amount box does not require an entry, leave it biank Merchandise was purchased on account from Jacob's Distri credit terms of 2/10, n/30. 17 in a general journal. Journalize the payment on May 27 (within the discount period) butors on May 17-The purchase price was $2,000, less a 10% trade discount and Trade and Cash Discounts 1. caculate the net amount to record the invoice, less the 10% trade decount. 1,800 2. Calculate the amount to be paid on this invoice within the discount period. 1,764 FB FS 1 Backspa 8 9 6 5