You work for Gregory Plumbing Supply. You are responsible for training a new accounting clerk. She has the following questions for you to answer about this invoice.

1. Who is the buyer?
2. Who is paying the freight?
3. What is the customer€™s order number?
4. What percentage of the goods bought is the cost of the freight?
5. What are the credit terms? What do they mean?
6. How much will the buyer actually have to pay if the money is received within ten days?
7. What is the dollar amount of the discount?
8. Who receives the discount?
9. What is the due date for payment to get the discount?
10. Why would a seller give a buyer adiscount?

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Gregory Plumbing Supply 14 Indiana Avenue Chicago, Illinois 6061 No. 320 2 INVOICE SOLD TO C P. Lund Company 5210 Gilman Avenue DATE Angust 1, 20 CUSTOMERS PO. NO: 5384 SHIPPED By Faster Freigie TERMS 210, M30 San Diego, CA92102 DESCAIPTION UNIT PRICE TOTAL 6 olin single-control tub shower #44B652 5 50309 00 Olin dual-control uasherless lavatory faucet #59B641 Olin massage shower head antique brass #37B411 6 22 20133 20 12 Subtotal Freight Total 1 5613872 580 92 63 80 614 72