12/1/2023 Fitch Corp. purchased merchandise on credit for $700,000, terms 2/10, net 30.

12/8/2023 Fitch Corp. paid all of the gross liability except for $100,000.

12/28/2023 Fitch Corp. paid the remaining balance due.

Assuming the net method is used for recording purchases, prepare the journal entries for December. The company uses the perpetual inventory system.