Check m Exercise 8.5 (Algo) Recording purchases made with trade discounts. LO 8-1 Required: Record the following transactions of Allen Inc.: (Round your answers to 2 decimal places.) TRANSACTIONS DATE 2019 March 8 Purchased merchandise on credit from Alenikov Designs, Invoice 1091, list price $3,000, trade discounts of 10 percent and 5 percent; terms 1/10, n/30. 17 Paid the amount owed on the purchase of March 8 from Alenikov Designs, less the 1 percent discount, Check 185. View transaction list Journal entry worksheet Purchased merchandise on credit from Alenikov Designs, Invoice 1091, list price $3,000, trade discounts of 10 percent and 5 percent; terms 1/10,n/30. Note: Enter debits before credits. Date General Journal Debit Credit March 08, 2019 Record entry Clear entry View general journal Check my work Exercise 8.5 (Algo) Recording purchases made with trade discounts. LO 8-1 Required: Record the following transactions of Allen Inc.: (Round your answers to 2 decimal places.) TRANSACTIONS DATE 2019 March 8 Purchased merchandise on credit from Alenikov Designs, Invoice 1091, list price $3,000, trade discounts of 10 percent and 5 percent; terms 1/10, n/30. 17 Paid the amount owed on the purchase of March 8 from Alenikov Designs, less the 1 percent discount, Check 185. View transaction list Journal entry worksheet Paid the amount owed on the purchase of March 8 from Alenikov Designs, less the 1 percent discount, Check 185. Note: Enter debits before credits. General Journal Debit Credit Date March 17, 2019 Record entry Clear entry View general journal