Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial e Prepare general journal entries to enter the transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 28 Some of the transactions of Ayayai Company during August are listed below. Ayayai uses the periodic inventory August 10 Purchased merchandise on account, $9,600, terms 2/10, n/30 13 Returned part of the purchase of August 10, $1,100, and received credit on account. 15 Purchased merchandise on account, $13,500, terms 1/10, n/60. 25 Purchased merchandise on account, $16,900, terms 2/10, n/30. 28 Paid invoice of August 15 in full. (a1) Assuming that purchases are recorded at gross amounts and that discounts are to be recorded when taken: Prepare general journal entries to record the transactions. (If no entry is required, select "No entry" for th amounts. Credit account titles are automatically indented when amount is entered. Do not indent mana Date Account Titles and Explanation Debit Credit (b1) Assuming that purchases are recorded at net amounts and that discounts lost are treated as financial expenses: Prepare general journal entries to enter the transactions. (If no entry is required, select "No entry" for the account titles and amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Aug. 28