1. Recording Journal Entries for Purchases and Purchase Discounts (Gross Method) Using a Perpetual Inventory System Using the information below, prepare journal entries to record the transactions, assuming Axe records discounts using the gross method in a perpetual inventory system. Jan. 6 Purchased goods for $1,200 from Green with terms 2/10, n/30. 6 Purchased goods from Munoz for $900 with terms 2/10, n/30. 14 Paid Green in full. Feb. 2 Paid Munoz in full. 28 Purchased goods for $350 from Reynolds with terms n/45