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2. On March 4, Newton's Cycles purchased bicycles and accessories to sell from a supplier on credit, invoiced at $9,000; the terms were 3/10, N
2. On March 4, Newton's Cycles purchased bicycles and accessories to sell from a supplier on credit, invoiced at $9,000; the terms were 3/10, N /30. Newton's Cycles uses a perpetual inventory system Required Prepare the journal entry to record: a) The credit purchase; b) The payment of the account on March 12, and c) The payment of the account on March 28 instead of March 12
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