value 1.00 polnts Drill Problem 7-16 [LU 7-2 (1)] Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Gross amount of invoice (freight charge already included) $500 Freight charge None Net amount paid Date of invoiceTerms of invoice 2/10, 1/15, n/30 Date of payment 8/14 Cash discount 8/2 References eBook & Resources Worksheet Difficulty: 1 Easy Drill Problem 7-16 (LU 7-2 (1) Learning Objective: 07-02 (1) List and value 1.00 polnts Drill Problem 7-16 [LU 7-2 (1)] Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Gross amount of invoice (freight charge already included) $500 Freight charge None Net amount paid Date of invoiceTerms of invoice 2/10, 1/15, n/30 Date of payment 8/14 Cash discount 8/2 References eBook & Resources Worksheet Difficulty: 1 Easy Drill Problem 7-16 (LU 7-2 (1) Learning Objective: 07-02 (1) List and