Comfort Company purchased $150$ units of inventory on November $17,2024.$ The units have a list price of $$460$ each, but

Comfort was given a $20\%$ trade discount. The terms of the sale were $\frac{3}{10},\frac{n}{30}.$ Comfort uses a perpetual inventory

system.

Prepare the journal entries to record the $($a$)$ purchase by Comfort on November $17$ and payment on November $26,2024,$ and $($b$)$

ecember $15,2024$ using the net method of accounting for purchase discounts.

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Req $3$ A

Prepare the journal entries to record the $($a$)$ purchase by Comfort on November $17$ and $($b$)$ payment on November $26,2024.$ Comfort

uses the net method of accounting for purchase discounts.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.Comfort Company purchased $150$ units of inventory on November $17,2024.$ The units have a list price of $$460$ each, but Comfort was given a $20\%$ trade discount. The terms of the sale were $310/$

$,$ n$30/$

$.$ Comfort uses a perpetual inventory system.

$3.$ Prepare the journal entries to record the $($a$)$ purchase by Comfort on November $17$ and payment on November $26,2024,$ and $($b$)$ December $15,2024$ using the net method of accounting for purchase discounts.