(Appendices) PURCHASES RECORDED GROSS. Dawson Enterprises uses the periodic system and records purchases gross. On a recent day, Dawson engaged in the following three transactions: LO2

a) Purchased merchandise on credit with a list price of $24,600 on terms 3/15, n/25.

b) Paid for a purchase made 9 days ago. The payment was for merchandise with a list price of $21,900 that had been purchased on terms 2/10, n/30.

c) Paid for a purchase made 29 days ago. The payment was for merchandise with a list price of $19,400 that had been purchased on terms 1/10, n/30.

REQUIRED:

Prepare journal entries for these three transactions: