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December 28, 2021: Record the inventory purchase on account. January 6, 2022: Record the payment to Tristar Communications On December 28, 2021. Videotech Corporation (VTC)

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December 28, 2021: Record the inventory purchase on account.
January 6, 2022: Record the payment to Tristar Communications
On December 28, 2021. Videotech Corporation (VTC) purchased 11 units of a new satelite uplink system from Tristar Communications for $20,000 each. The terms of each sale were 2/10,n/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 journal entries assuming that VTC uses the net method to account for purchase discounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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