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I need help with this question On December 28.2024, Videotech Corporation (VTC) purchased 17 units of a new satelife uphnk system from Tostar communcacons for
I need help with this question
On December 28.2024, Videotech Corporation (VTC) purchased 17 units of a new satelife uphnk system from Tostar communcacons for $25.000 each The terms of each sale were 1/10. n/30 viC uses the het method to account for purchase discounts and a perpetual imventory system. VTC paid the net-of-discount amount on January 6.2025 Prepare the necestrary journal entries assuming that VTC uses the net method to account for purchase oiscounts. Note: tf no entry is required for a transactionlevent, select "No journal entry required" In the first account fieid. Journal entry worksheet 2 Videotech Corporotion (VTC) purchased 17 unts of a nev ratellite uplink syatem frgm Tristar Commianications for $25,000 each. The termi of each ale Wiere 1/10, n/30. Hecord the purchase on Decembar 20. 2024. ficto: Eniter debits before credito. On December 28, 2024, Videotech Corporation (VTC) purchased 17 units or a new sarelite upink system from Tristar comeriunications inventory system. VTC paid the net-of-discount amount on January 6.2025 Prepare the necessary journal entries assuming that VIC uses the net method to account for purchase discounts. Note: If no entry is required for a tronsaction/event, select "No journel entry requlred" in the flrst account field, Journal entry worksheet 1 Videotech. Corporation (VIC) purchased 17 units of a new satellite uplink system from Triptar Communications for $25,000 each. The terms of each wale where 1/10,n/30. Record the pavment on lanuary 6,2025 ; Notel Enter dabns belore credits Step by Step Solution
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