1. Calculate the net amount

2.Calculate the amount to be paid on this invoice

3.Journalize the purchase

Merchandise was purchased on account trom Grant's Distributors on dune. 12 . The purchase price was $4,000, less a 10 s. trade disount and credit terns of 2 it10, n30 Required: 1. Cakculate the net amount to record the invoico, less the 10% trade disceunt 2. Calculate the amount to be paid on this invoice within the discount period. 3. \$oumakce the purchase of the merchandise on June 12 and the payment on dune 22 . (within the discount period in a gonerat joumat. Calculations 1. Calculate the net amount to record the invoice, less the to\% trade discount. 2. Calculate the amount fo be padd on this invoice within the discount poriod. General Joumal 3. Joutnatire the purchase of the merchandse on June 12 and the payment an June 22 (within the discount perioo) in at gonerat journal