14. Z Company purchased merchandise on August 10, 2018, at a price of $46,000, subject to credit terms of 2/10, n/30. Z uses the net method for recording purchases and uses a perpetual inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. Prepare the journal entry to record the appropriate payment if the entire invoice is paid on August 18, 2018. 3. Prepare the journal entry to record the appropriate payment if the entire invoice is paid on September 8, 2018