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BE 8-5 On December 28, 2021, Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $25,000 each. The

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BE 8-5 On December 28, 2021, Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $25,000 each. The terms of each sale were 1/10, 1/30. VTC uses the net method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022 Prepare the necessary joumal entries assuming that VTC uses the net method to account for purchase discounts. 3 4 5 8 9 E R. . U F . K

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