Select the appropriate terms from the dropdown for the items below 1. Debits to Merchandise Inventory 2. A discount gained through early payment 3. The merchandise inventory account balance should equal ending inventory at all times 4. Separate account maintained for each different product 5. Freight terms that require the seller to pay the freight cost 6. Sales less sales returns and allowances and sales discounts 7. Freight cost to deliver goods to customers reported as an operating expense 8. Freight terms that require the buyer to pay the freight cost 9. Deducted from net sales to calculate gross profit 10. Requires a physical count of goods on hand to calculate cost of goods sold 11. A calculation of gross profit divided by net sales Select the appropriate terms from the dropdown for the items below 1. Debits to Merchandise Inventory 2. A discount gained through early payment 3. The merchandise inventory account balance should equal ending inventory at all times 4. Separate account maintained for each different product 5. Freight terms that require the seller to pay the freight cost 6. Sales less sales returns and allowances and sales discounts 7. Freight cost to deliver goods to customers reported as an operating expense 8. Freight terms that require the buyer to pay the freight cost 9. Deducted from net sales to calculate gross profit 10. Requires a physical count of goods on hand to calculate cost of goods sold 11. A calculation of gross profit divided by net sales