hown below are selected purchase transactions for ACME, Inc., occurring during the month of October. Required: Prepare joumal entries for the following transactions assuming the records purchases using the zross method (we DON'T assume we will take a discount for early payment) Oct. 4 Purchased merchandise from Carraway Company for $24,000 with the terms 5/10, n/30. Oct. 8 Returned $400 of the merchandise to Carraway Company Oct.20 Paid the amount owed to Carraway Company. Prepare the joumal entry reflecting the payment to Carraway Company assuming that the company made the payment on Oct. 13 instead of Oct. 20 (i.e. they DID pay within the discount period). B. Required: Prepare joumal entries for the following transactions assuming the company records purchases using the net method (we assume that we WILL take a discount for carly payment). Oct. 4 Purchased merchandise from Carraway Company for $24,000 with the terms 5/10,n/30. Oct. 8 Returned $400 of the merchandise to Carraway Company Oct. 20 Paid the amount owed to Carraway Company. Prepare the joumal entry reflecting the payment to Carraway Company assuming that the company made the payment on Oct. 13 instead of Oct. 20 (i.e. they DID pay within the discount period)