$$\text { Match each of the following items } ( a - h ) \text { with the appropriate definition below. }$$

question 80

Short Answer

$$\text { Match each of the following items } ( a - h ) \text { with the appropriate definition below. }$$
-Account where returned merchandise or price adjustments are recorded by the buyer under the periodic inventory system.
a. $\quad$ Freight
b. $\quad$ Delivery Expense
c. $\quad$ Merchandise Inventory
d. $\quad$ Sales discount
e. $\quad$ Purchases Returns and Allowances
f. $\quad$ Debit memo
g. $\quad$ Purchase discount
h. $\quad$ Trade discount

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Definitions:

Economic Models

Simplified representations of complex economic processes or systems often used to analyze economic decisions, market outcomes, or to predict responses to changes in policy or external conditions.

Mexico

A nation situated in the southern part of North America, renowned for its vibrant cultural traditions, varied terrain, and importance in the economy.

United States

A country located in North America consisting of 50 states, a federal district, and various territories, known for its diverse geography and economy.

Trade

The action of buying, selling, or exchanging goods and services between people, businesses, countries, etc., often for money.