1 Give the journal entries under both net and gross method. 2 Give the journal entries under both net and gross when we pay after the discount period. 3 Give the journal entries under both net and gross when we pay with in the discount period.

Give the journal entries for sale

4 Give the journal entries when they pay after the discount period

5 Give the journal entries when they pay with in the discount period

we buy 100 units at$30 2/10 net 20 *give j/e under both net and gross *give j/e under both net and gross when we pay after the discount pd *give j/e under both net and gross when we pay w/in the discount pd we sell 10 unis at $45 each 1/16net 42 give j/e for sale *give /e when they pay after the discount pd *give /e when they pay within the discount pd