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E8-8 (Purchases Recorded, Gross Method) Ohno Industries purd hased Y12,000 of merchandise on February 1, 2015, subject to a trade discount of 10% and will

E8-8 (Purchases Recorded, Gross Method) Ohno Industries purd hased Y12,000 of merchandise on February 1, 2015, subject to a trade discount of 10% and will credit ternis or /60. It returned 13,000 (gross price before trade or cash fiscount) on February 4. The invoice was paid February 13. (All amount: thousands.)

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