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On December Videotech Corporation VTC purchased units of a new satellite uplink system from Tristar Communications for $ each. The terms of each sale were
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VTC uses the gross method to account for purchase discounts and a perpetual inventory system. VTC paid the netofdiscount amount on January
Prepare the journal entries on December and January to record the purchase and payment.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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